Lookout Mountain, TN Real Estate
According to census data in the year 2000 there were 836 housing units in Lookout Mountain.
This represents a 2.2% growth from 818 in 1990.
Of those housing units, 836 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lookout Mountain is about 91.4%.
Lookout Mountain's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Lookout Mountain were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.70% |
| Two Bedrooms | 17.50% |
| Three Bedrooms | 31% |
| Four Bedrooms | 31.60% |
| Five Bedrooms or more | 18.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $332,600 |
| Median Price asked for vacant units | $316,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.78 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $625 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 11.60% |
| Simple Mortgage | 39.40% |
| Debt Free | 43.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.5% |
