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Commerce, TX Real Estate


According to census data in the year 2000 there were 3,408 housing units in Commerce. This represents a 8.6% growth from 3,139 in 1990.

Of those housing units, 3,177 were located in either urbanized areas or urban clusters, and 231 were located in what is classified as a rural area.

Homeownership rate in Commerce is about 40.4%. Commerce's vacancy rate, including seasonal lodging, is about 15.6%. Average household size is 2.33 people.

The majority of houses, apartments or condos in Commerce were built after 1969.

Statistics

Housing Size

Housing Units by Size
Studio Type4.20%
One Bedroom26.60%
Two Bedrooms30.90%
Three Bedrooms30.10%
Four Bedrooms7.10%
Five Bedrooms or more1.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1966
Median Value of occupied units$59,000
Median Price asked for vacant units$33,500

Rented Homes, Apartments and Condos

Average Household Size2.17
Median year structure was built1972
Median Monthly Rent asked for vacant units$366

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage3.50%
Home Equity Loan2%
Simple Mortgage44%
Debt Free50%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs14.8%