Manchester, TN Real Estate
According to census data in the year 2000 there were 3,676 housing units in Manchester.
This represents a 10.4% growth from 3,330 in 1990.
Of those housing units, 3,478 were located in either urbanized areas or urban clusters, and 198 were located in what is classified as a rural area.
Homeownership rate in Manchester is about 61.7%.
Manchester's vacancy rate, including seasonal lodging, is about 8.2%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Manchester were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 8.40% |
| Two Bedrooms | 28.50% |
| Three Bedrooms | 47.60% |
| Four Bedrooms | 11.10% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $78,500 |
| Median Price asked for vacant units | $69,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.40% |
| Home Equity Loan | 5.20% |
| Simple Mortgage | 46.70% |
| Debt Free | 43.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
