Home

McMinnville, TN Real Estate


According to census data in the year 2000 there were 5,968 housing units in McMinnville. This represents a 16.5% growth from 5,123 in 1990.

Of those housing units, 5,805 were located in either urbanized areas or urban clusters, and 163 were located in what is classified as a rural area.

Homeownership rate in McMinnville is about 55.1%. McMinnville's vacancy rate, including seasonal lodging, is about 8.9%. Average household size is 2.25 people.

The majority of houses, apartments or condos in McMinnville were built after 1968.

Statistics

Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom12.90%
Two Bedrooms37.10%
Three Bedrooms37.90%
Four Bedrooms8.70%
Five Bedrooms or more2.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.24
Median year structure was built1963
Median Value of occupied units$68,200
Median Price asked for vacant units$76,300

Rented Homes, Apartments and Condos

Average Household Size2.26
Median year structure was built1973
Median Monthly Rent asked for vacant units$364

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.20%
Home Equity Loan1.50%
Simple Mortgage44.30%
Debt Free51%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.7%