Lakewood, TN Real Estate
According to census data in the year 2000 there were 1,043 housing units in Lakewood.
This represents a 22.3% growth from 853 in 1990.
Of those housing units, 1,043 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lakewood is about 70.6%.
Lakewood's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Lakewood were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 7.80% |
| Two Bedrooms | 33.70% |
| Three Bedrooms | 48.40% |
| Four Bedrooms | 8.90% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $100,100 |
| Median Price asked for vacant units | $106,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5% |
| Home Equity Loan | 5.10% |
| Simple Mortgage | 51.40% |
| Debt Free | 38.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.5% |
