Cumberland Gap, TN Real Estate
According to census data in the year 2000 there were 111 housing units in Cumberland Gap.
This represents a 6.7% growth from 104 in 1990.
Of those housing units, 111 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Cumberland Gap is about 67.4%.
Cumberland Gap's vacancy rate, including seasonal lodging, is about 19.8%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Cumberland Gap were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 19.80% |
| Two Bedrooms | 25.20% |
| Three Bedrooms | 39.60% |
| Four Bedrooms | 8.10% |
| Five Bedrooms or more | 7.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $73,800 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.41 |
| Median year structure was built | 1946 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.60% |
| Home Equity Loan | 0% |
| Simple Mortgage | 35.70% |
| Debt Free | 60.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
