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Newbern, TN Real Estate


According to census data in the year 2000 there were 1,322 housing units in Newbern. This represents a 25% growth from 1,058 in 1990.

Of those housing units, 1,227 were located in either urbanized areas or urban clusters, and 95 were located in what is classified as a rural area.

Homeownership rate in Newbern is about 56.6%. Newbern's vacancy rate, including seasonal lodging, is about 9.1%. Average household size is 2.43 people.

The majority of houses, apartments or condos in Newbern were built after 1970.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom8.60%
Two Bedrooms39.60%
Three Bedrooms42.90%
Four Bedrooms7%
Five Bedrooms or more1.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1965
Median Value of occupied units$65,800
Median Price asked for vacant units$66,700

Rented Homes, Apartments and Condos

Average Household Size2.03
Median year structure was built1976
Median Monthly Rent asked for vacant units$322

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.50%
Home Equity Loan3.30%
Simple Mortgage48.90%
Debt Free43.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16%