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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 14.40% |
| Two Bedrooms | 36.50% |
| Three Bedrooms | 37.60% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $73,200 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $413 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 6.50% |
| Simple Mortgage | 51.10% |
| Debt Free | 37.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
