Newnan, GA Real Estate
According to census data in the year 2000 there were 6,643 housing units in Newnan.
This represents a 33.3% growth from 4,983 in 1990.
Of those housing units, 6,254 were located in either urbanized areas or urban clusters, and 389 were located in what is classified as a rural area.
Homeownership rate in Newnan is about 46.5%.
Newnan's vacancy rate, including seasonal lodging, is about 9.1%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Newnan were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 13.10% |
| Two Bedrooms | 31.80% |
| Three Bedrooms | 36.20% |
| Four Bedrooms | 14.80% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $114,200 |
| Median Price asked for vacant units | $174,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $668 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 7.20% |
| Simple Mortgage | 55.40% |
| Debt Free | 28.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.7% |
