Red Oak, NC Real Estate
According to census data in the year 2000 there were 1,030 housing units in Red Oak.
This represents a 803.5% growth from 114 in 1990.
Of those housing units, 170 were located in either urbanized areas or urban clusters, and 860 were located in what is classified as a rural area.
Homeownership rate in Red Oak is about 83.2%.
Red Oak's vacancy rate, including seasonal lodging, is about 5%.
Average household size is 2.78 people.
The majority of houses, apartments or condos in Red Oak were built after 1983.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 0.70% |
| Two Bedrooms | 13.70% |
| Three Bedrooms | 65.40% |
| Four Bedrooms | 15.50% |
| Five Bedrooms or more | 4.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.98 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $126,800 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.77 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 16.70% |
| Simple Mortgage | 54.60% |
| Debt Free | 22.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
