Farragut, TN Real Estate
According to census data in the year 2000 there were 6,687 housing units in Farragut.
This represents a 50.1% growth from 4,456 in 1990.
Of those housing units, 6,678 were located in either urbanized areas or urban clusters, and 9 were located in what is classified as a rural area.
Homeownership rate in Farragut is about 89.6%.
Farragut's vacancy rate, including seasonal lodging, is about 4.9%.
Average household size is 2.78 people.
The majority of houses, apartments or condos in Farragut were built after 1985.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 1.50% |
| Two Bedrooms | 10.20% |
| Three Bedrooms | 31.90% |
| Four Bedrooms | 43.70% |
| Five Bedrooms or more | 12.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $192,800 |
| Median Price asked for vacant units | $148,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.91 |
| Median year structure was built | 1989 |
| Median Monthly Rent asked for vacant units | $797 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 11.40% |
| Simple Mortgage | 57.50% |
| Debt Free | 22.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
