Elroy, NC Real Estate
According to census data in the year 2000 there were 1,696 housing units in Elroy.
This represents a 2.5% growth from 1,654 in 1990.
Of those housing units, 1,408 were located in either urbanized areas or urban clusters, and 288 were located in what is classified as a rural area.
Homeownership rate in Elroy is about 69.4%.
Elroy's vacancy rate, including seasonal lodging, is about 10%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Elroy were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.50% |
| Two Bedrooms | 24.60% |
| Three Bedrooms | 64% |
| Four Bedrooms | 5.50% |
| Five Bedrooms or more | 0.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $83,300 |
| Median Price asked for vacant units | $91,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $575 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.50% |
| Home Equity Loan | 7.60% |
| Simple Mortgage | 48.70% |
| Debt Free | 35.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
