Albemarle, NC Real Estate
According to census data in the year 2000 there were 6,903 housing units in Albemarle.
This represents a 5.5% growth from 6,542 in 1990.
Of those housing units, 6,715 were located in either urbanized areas or urban clusters, and 188 were located in what is classified as a rural area.
Homeownership rate in Albemarle is about 63.6%.
Albemarle's vacancy rate, including seasonal lodging, is about 9.7%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Albemarle were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 11.50% |
| Two Bedrooms | 34.80% |
| Three Bedrooms | 43.60% |
| Four Bedrooms | 7.20% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $82,000 |
| Median Price asked for vacant units | $66,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $355 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 8% |
| Simple Mortgage | 45.90% |
| Debt Free | 40.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
