Martin, TN Real Estate
According to census data in the year 2000 there were 4,097 housing units in Martin.
This represents a 32% growth from 3,104 in 1990.
Of those housing units, 3,597 were located in either urbanized areas or urban clusters, and 500 were located in what is classified as a rural area.
Homeownership rate in Martin is about 51.3%.
Martin's vacancy rate, including seasonal lodging, is about 8.3%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Martin were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 14.80% |
| Two Bedrooms | 30.20% |
| Three Bedrooms | 41.90% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $79,900 |
| Median Price asked for vacant units | $72,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $353 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 4.60% |
| Simple Mortgage | 47.70% |
| Debt Free | 41.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
