Morristown, IN Real Estate
According to census data in the year 2000 there were 449 housing units in Morristown.
This represents a 19.4% growth from 376 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 449 were located in what is classified as a rural area.
Homeownership rate in Morristown is about 74.1%.
Morristown's vacancy rate, including seasonal lodging, is about 5.3%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Morristown were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.80% |
| Two Bedrooms | 37% |
| Three Bedrooms | 47.70% |
| Four Bedrooms | 9.10% |
| Five Bedrooms or more | 0.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $81,400 |
| Median Price asked for vacant units | $71,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 12.40% |
| Home Equity Loan | 14.90% |
| Simple Mortgage | 45.80% |
| Debt Free | 26.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
