Hopewell, TN Real Estate
According to census data in the year 2000 there were 702 housing units in Hopewell.
This represents a 30.9% decline from 1,016 in 1990.
Of those housing units, 392 were located in either urbanized areas or urban clusters, and 310 were located in what is classified as a rural area.
Homeownership rate in Hopewell is about 81.8%.
Hopewell's vacancy rate, including seasonal lodging, is about 4.4%.
Average household size is 2.59 people.
The majority of houses, apartments or condos in Hopewell were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 2.10% |
| Two Bedrooms | 12.10% |
| Three Bedrooms | 69.20% |
| Four Bedrooms | 12.10% |
| Five Bedrooms or more | 4.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $89,500 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.68 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.90% |
| Home Equity Loan | 3% |
| Simple Mortgage | 45.60% |
| Debt Free | 44.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
