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Fall Branch, TN Real Estate


According to census data in the year 2000 there were 612 housing units in Fall Branch. This represents a 20.2% growth from 509 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 612 were located in what is classified as a rural area.

Homeownership rate in Fall Branch is about 85.8%. Fall Branch's vacancy rate, including seasonal lodging, is about 6.9%. Average household size is 2.4 people.

The majority of houses, apartments or condos in Fall Branch were built after 1974.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.90%
Two Bedrooms28.90%
Three Bedrooms52.50%
Four Bedrooms12.90%
Five Bedrooms or more1.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.54
Median year structure was built1975
Median Value of occupied units$78,900

Rented Homes, Apartments and Condos

Average Household Size1.52
Median year structure was built1966

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage11.30%
Home Equity Loan2.70%
Simple Mortgage36.10%
Debt Free49.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs12.6%