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Housing Characteristics
From 2005-2007, Galveston County had a total of 128,000 housing units, 18 percent of which were vacant. Of the total housing units, 71 percent was in single-unit structures, 23 percent was in multi-unit structures, and 6 percent was mobile homes. Twenty-eight percent of the housing units were built since 1990.
From 2005-2007, Galveston County had 105,000 occupied housing units - 71,000 (67 percent) owner occupied and 35,000 (33 percent) renter occupied. Six percent of the households did not have telephone service and 6 percent of the households did not have access to a car, truck, or van for private use. Multi Vehicle households were not rare. Forty percent had two vehicles and another 17 percent had three or more.
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Housing Market
According to the MLS, the Median Priced home for 2007 was $174,400. According to American Community Survey 2005-1007, The median monthly housing costs for mortgaged owners was $1,473, nonmortgaged owners $509, and renters $751. Thirty-one percent of owners with mortgages, 20 percent of owners without mortgages, and 43 percent of renters in Galveston County spent 30 percent or more of household income on housing.
According to the Real Estate Center at Texas A&M University, The Price Distribution of MLS Homes Sold in the Galveston Area is presented below.
(in percent)
| Price Range |
2005 |
2006 |
2007 |
| $29,999 or less |
0.4 |
0.8 |
1.1 |
| 30,000-39,999 |
1.4 |
0.6 |
0.8 |
| 40,000-49,999 |
2.3 |
1.5 |
1.2 |
| 50,000-59,999 |
2.8 |
1.7 |
1.9 |
| 60,000-69,999 |
4.7 |
2.3 |
3.4 |
| 70,000-79,999 |
5.5 |
3.6 |
3.5 |
| 80,000-89,999 |
5.2 |
4.5 |
4.1 |
| 90,000-99,999 |
4.6 |
3.9 |
3.6 |
| 100,000-119,999 |
7.2 |
8.6 |
6.7 |
| 120,000-139,999 |
7.9 |
9.2 |
10.3 |
| 140,000-159,999 |
7.0 |
7.5 |
7.5 |
| 160,000-179,999 |
9.6 |
8.9 |
8.2 |
| 180,000-199,999 |
5.1 |
5.8 |
4.6 |
| 200,000-249,999 |
10.0 |
10.7 |
10.1 |
| 250,000-299,999 |
7.5 |
6.2 |
10.2 |
| 300,000-399,999 |
9.1 |
12.1 |
9.9 |
| 400,000-499,999 |
4.3 |
5.3 |
5.3 |
| 500,000 and more |
5.6 |
6.8 |
7.7 |
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| Carroll Cobb New SBDC Director - Monday, May 17, 2010 Carroll Cobb has been named the Director of the Galveston County Small Business Development Center. Carroll brings more than 15 years of management, administrative, and consulting experience to the job. Carroll has a bachelors degree in Industrial Psychology from the University of Georgia and a Juris Doctorate Degree from the University of South Carolina.
Carroll worked as Section Chief-Legal Division for the F.D.I.C. and was founder and President of DocuSearch, Inc. a privately held litigation support service company with offices in three states.
Carroll's knowledge and many years of business experience will greatly enhance the Galveston County SBDC ability to assist new and existing businesses.
Give her a call at 409-933-1414. |
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