Banner Hill, TN Real Estate
According to census data in the year 2000 there were 545 housing units in Banner Hill.
This represents a 24.7% decline from 724 in 1990.
Of those housing units, 311 were located in either urbanized areas or urban clusters, and 234 were located in what is classified as a rural area.
Homeownership rate in Banner Hill is about 80.5%.
Banner Hill's vacancy rate, including seasonal lodging, is about 13.2%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Banner Hill were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 12.50% |
| Two Bedrooms | 32.70% |
| Three Bedrooms | 47.90% |
| Four Bedrooms | 7% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $65,700 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1957 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.70% |
| Home Equity Loan | 0% |
| Simple Mortgage | 37.50% |
| Debt Free | 59.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
