Tennessee Real Estate
According to census data in the year 2000 there were 2,439,443 housing units in Tennessee.
This represents a 20.4% from 2,026,067 in 1990.
Of those housing units, 1,551,283 were located in either urbanized areas or urban clusters, and 888,160 were located in what is classified as a rural area.
Homeownership rate in Tennessee is about 69.9%.
Tennessee's vacancy rate, including seasonal lodging, is about 8.5%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Tennessee were built after 1975.
|Housing Units by Size|
|Five Bedrooms or more||2.5%|
Owned Homes, Apartments and Condos
|Average Household Size||2.58|
|Median year structure was built||1976|
|Median Value of occupied units||$93,000|
|Median Price asked for vacant units||$83,300|
Rented Homes, Apartments and Condos
|Average Household Size||2.24|
|Median year structure was built||1974|
|Median Monthly Rent asked for vacant units||$391|
Owners Finance Status
|Second Mortgage & Equity Loan||0.1%|
|Home Equity Loan||5.9%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.6%|
Cities & Towns