Fairmount, TN Real Estate
According to census data in the year 2000 there were 963 housing units in Fairmount.
This represents a 59.2% growth from 605 in 1990.
Of those housing units, 493 were located in either urbanized areas or urban clusters, and 470 were located in what is classified as a rural area.
Homeownership rate in Fairmount is about 85.9%.
Fairmount's vacancy rate, including seasonal lodging, is about 5.6%.
Average household size is 2.83 people.
The majority of houses, apartments or condos in Fairmount were built after 1984.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.10% |
| Two Bedrooms | 17.10% |
| Three Bedrooms | 39.90% |
| Four Bedrooms | 35.20% |
| Five Bedrooms or more | 4.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.91 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $176,500 |
| Median Price asked for vacant units | $76,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.70% |
| Home Equity Loan | 16.40% |
| Simple Mortgage | 54.40% |
| Debt Free | 24.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
