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Banner Hill, TN Real Estate


According to census data in the year 2000 there were 545 housing units in Banner Hill. This represents a 24.7% decline from 724 in 1990.

Of those housing units, 311 were located in either urbanized areas or urban clusters, and 234 were located in what is classified as a rural area.

Homeownership rate in Banner Hill is about 80.5%. Banner Hill's vacancy rate, including seasonal lodging, is about 13.2%. Average household size is 2.27 people.

The majority of houses, apartments or condos in Banner Hill were built after 1958.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom12.50%
Two Bedrooms32.70%
Three Bedrooms47.90%
Four Bedrooms7%
Five Bedrooms or more0%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size2.24
Median year structure was built1959
Median Value of occupied units$65,700
Median Price asked for vacant units$85,000

Rented Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1957

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.70%
Home Equity Loan0%
Simple Mortgage37.50%
Debt Free59.80%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs15%