Fairhope, Alabama - Dental Demographics - Housing


Fairhope, Alabama - Dental Demographics - Housing


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Housing



This 4 mile radius contains 13,748 housing units and a high vacancy rate of 14.0%. This area has a 70.0% home ownership rate and 16.0% of the population are renters. The ownership occupancy levels are above Alabama and US.

Home values have two implications—they can signal the relative affluence of an area and thus the ability of its population to spend more on dental care, but they can also show the relative unaffordability of an area and its possibility not to grow as fast as other more affordable locations. The median home ownership value in this area is $303,560 which is well above Alabama. The median home ownership value for the United States is $204,900. This area averages spending 31.1% of their income on total housing which is higher than the 30% figure that is considered a healthy housing spending percentage. Total housing expenditure includes the cost of shelter as well as utilities, fuel, and public services like water and sewer. This means that housing expenditures use a greater amount of the household budget on a national basis than it should by large amount. Disposable income in this area averages 68.9%. The average housing cost of just shelter as a percent of income in this area at 21.1%. The area is affordable for those living here. In general, all these housing factors are average indicators of desirability of an area and its economic growth potential.


Table #2 Significant Demographic Characteristics - Page 2

Demographic Analysis for Fairhope, Alabama
Fairhope, AlabamaAlabamaUnited States
Demographic CharacteristicFairhope
Alabama
Latitude / Longitude:30.522816, -87.903062
Radius4 miles6 miles
HOUSING
Housing units13,74819,5582,337,623142,853,336
Median home value$303,560$306,067$166,797$264,021
Home ownership rate70.0%70.9%59.3%57.3%
Renter-occupied housing16.0%16.6%26.1%31.2%
Vacant housing units14.0%12.4%14.6%11.5%
Average Cost of Housing$21,865$22,195$14,867$20,090
Average Housing Cost as a Percent of Income21.1%21.0%20.6%21.7%
HOUSEHOLDS
Households11,82317,1241,995,993126,470,675
     Average household size2.332.402.462.58
Family households66.0%68.3%66.3%65.5%
Household with children29.7%31.0%33.1%33.4%
High school graduate or higher93.7%94.3%87.5%88.9%
Bachelor degree or higher50.9%49.9%26.9%33.6%
RACE & ETHNICITY
White85.8%85.1%66.6%69.2%
Black10.6%11.4%26.7%13.0%
Native American0.2%0.2%0.6%1.0%
Asian0.9%1.1%1.5%5.9%
Pacific Islanders0.0%0.0%0.1%0.2%
Other Race1.1%1.0%2.4%7.1%
Hispanic or Latino of any race3.1%2.9%4.8%18.9%


Home Ownership Rates

Fairhope, Alabama - Home Ownership Rates
Owner Occupied Households by Census Tract

 65.69% to 74.49%
 57.74% to 65.69%
 53.51% to 57.74%
 43.61% to 53.51%
1.Fairhope