Gates, TN Real Estate
According to census data in the year 2000 there were 293 housing units in Gates.
This represents a 21.6% growth from 241 in 1990.
Of those housing units, 285 were located in either urbanized areas or urban clusters, and 8 were located in what is classified as a rural area.
Homeownership rate in Gates is about 60.3%.
Gates's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.85 people.
The majority of houses, apartments or condos in Gates were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 8.20% |
| Two Bedrooms | 27.60% |
| Three Bedrooms | 52.60% |
| Four Bedrooms | 8.20% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $51,300 |
| Median Price asked for vacant units | $27,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.27 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $242 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.60% |
| Home Equity Loan | 0.70% |
| Simple Mortgage | 58.60% |
| Debt Free | 36.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
