Millington, TN Real Estate
According to census data in the year 2000 there were 4,016 housing units in Millington.
This represents a 9.5% decline from 4,440 in 1990.
Of those housing units, 3,477 were located in either urbanized areas or urban clusters, and 539 were located in what is classified as a rural area.
Homeownership rate in Millington is about 46.8%.
Millington's vacancy rate, including seasonal lodging, is about 9.8%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in Millington were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 12.20% |
| Two Bedrooms | 25% |
| Three Bedrooms | 51.90% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 0.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $85,700 |
| Median Price asked for vacant units | $64,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $442 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.10% |
| Home Equity Loan | 4.70% |
| Simple Mortgage | 57.70% |
| Debt Free | 29.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
