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 Type | 1.30% |
| One Bedroom | 12.90% |
| Two Bedrooms | 37.10% |
| Three Bedrooms | 37.90% |
| Four Bedrooms | 8.70% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $68,200 |
| Median Price asked for vacant units | $76,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $364 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.20% |
| Home Equity Loan | 1.50% |
| Simple Mortgage | 44.30% |
| Debt Free | 51% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
