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Cumberland Gap, TN Real Estate


According to census data in the year 2000 there were 111 housing units in Cumberland Gap. This represents a 6.7% growth from 104 in 1990.

Of those housing units, 111 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Cumberland Gap is about 67.4%. Cumberland Gap's vacancy rate, including seasonal lodging, is about 19.8%. Average household size is 2.31 people.

The majority of houses, apartments or condos in Cumberland Gap were built after 1953.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom19.80%
Two Bedrooms25.20%
Three Bedrooms39.60%
Four Bedrooms8.10%
Five Bedrooms or more7.20%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1956
Median Value of occupied units$73,800
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size1.41
Median year structure was built1946

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.60%
Home Equity Loan0%
Simple Mortgage35.70%
Debt Free60.70%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs15%