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Lookout Mountain, TN Real Estate


According to census data in the year 2000 there were 836 housing units in Lookout Mountain. This represents a 2.2% growth from 818 in 1990.

Of those housing units, 836 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Lookout Mountain is about 91.4%. Lookout Mountain's vacancy rate, including seasonal lodging, is about 5.4%. Average household size is 2.53 people.

The majority of houses, apartments or condos in Lookout Mountain were built after 1951.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom1.70%
Two Bedrooms17.50%
Three Bedrooms31%
Four Bedrooms31.60%
Five Bedrooms or more18.30%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.6
Median year structure was built1950
Median Value of occupied units$332,600
Median Price asked for vacant units$316,700

Rented Homes, Apartments and Condos

Average Household Size1.78
Median year structure was built1957
Median Monthly Rent asked for vacant units$625

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage5.10%
Home Equity Loan11.60%
Simple Mortgage39.40%
Debt Free43.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs13.5%