Tipton, IA Real Estate
According to census data in the year 2000 there were 1,401 housing units in Tipton.
This represents a 6.7% growth from 1,313 in 1990.
Of those housing units, 1,361 were located in either urbanized areas or urban clusters, and 40 were located in what is classified as a rural area.
Homeownership rate in Tipton is about 72.6%.
Tipton's vacancy rate, including seasonal lodging, is about 5.3%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Tipton were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 11.30% |
| Two Bedrooms | 36% |
| Three Bedrooms | 36.60% |
| Four Bedrooms | 13.90% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $86,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.72 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $298 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2% |
| Home Equity Loan | 5.70% |
| Simple Mortgage | 50.70% |
| Debt Free | 41.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
