Loudon, TN Real Estate
According to census data in the year 2000 there were 1,970 housing units in Loudon.
This represents a 7.5% growth from 1,832 in 1990.
Of those housing units, 1,813 were located in either urbanized areas or urban clusters, and 157 were located in what is classified as a rural area.
Homeownership rate in Loudon is about 66%.
Loudon's vacancy rate, including seasonal lodging, is about 7.8%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Loudon were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 9% |
| Two Bedrooms | 39.60% |
| Three Bedrooms | 41.30% |
| Four Bedrooms | 7.10% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $73,800 |
| Median Price asked for vacant units | $54,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $511 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.30% |
| Home Equity Loan | 1.30% |
| Simple Mortgage | 43.60% |
| Debt Free | 51.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.3% |
