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Ellerbe, NC Real Estate


According to census data in the year 2000 there were 447 housing units in Ellerbe. This represents a 7.6% decline from 484 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 447 were located in what is classified as a rural area.

Homeownership rate in Ellerbe is about 62.3%. Ellerbe's vacancy rate, including seasonal lodging, is about 9.2%. Average household size is 2.49 people.

The majority of houses, apartments or condos in Ellerbe were built after 1970.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom9.20%
Two Bedrooms31.10%
Three Bedrooms49.90%
Four Bedrooms7.80%
Five Bedrooms or more2%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1962
Median Value of occupied units$58,800
Median Price asked for vacant units$20,000

Rented Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1977
Median Monthly Rent asked for vacant units$292

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.10%
Home Equity Loan1.60%
Simple Mortgage41.50%
Debt Free55.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.9%