Tipton, IN Real Estate

According to census data in the year 2000 there were 2,363 housing units in Tipton. This represents a 11.5% growth from 2,120 in 1990.

Of those housing units, 2,363 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Tipton is about 69.9%. Tipton's vacancy rate, including seasonal lodging, is about 6.1%. Average household size is 2.26 people.

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


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom14.40%
Two Bedrooms36.50%
Three Bedrooms37.60%
Four Bedrooms10.40%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.34
Median year structure was built1942
Median Value of occupied units$73,200
Median Price asked for vacant units$85,000

Rented Homes, Apartments and Condos

Average Household Size2.08
Median year structure was built1970
Median Monthly Rent asked for vacant units$413

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.90%
Home Equity Loan6.50%
Simple Mortgage51.10%
Debt Free37.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.9%