Germantown, TN Real Estate
According to census data in the year 2000 there were 13,703 housing units in Germantown.
This represents a 23.1% growth from 11,131 in 1990.
Of those housing units, 13,703 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Germantown is about 88.8%.
Germantown's vacancy rate, including seasonal lodging, is about 3.4%.
Average household size is 2.81 people.
The majority of houses, apartments or condos in Germantown were built after 1981.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 2.60% |
| Two Bedrooms | 7.80% |
| Three Bedrooms | 22.50% |
| Four Bedrooms | 52% |
| Five Bedrooms or more | 14.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.9 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $216,500 |
| Median Price asked for vacant units | $322,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1983 |
| Median Monthly Rent asked for vacant units | $1,210 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 13.50% |
| Simple Mortgage | 55.70% |
| Debt Free | 22.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.3% |
