Medon, TN Real Estate
According to census data in the year 2000 there were 79 housing units in Medon.
This represents a 33.9% growth from 59 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 79 were located in what is classified as a rural area.
Homeownership rate in Medon is about 88.9%.
Medon's vacancy rate, including seasonal lodging, is about 8.9%.
Average household size is 2.56 people.
The majority of houses, apartments or condos in Medon were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 8.90% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 51.90% |
| Four Bedrooms | 13.90% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1977 |
| Median Value of occupied units | $78,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.75 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $175 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 0% |
| Simple Mortgage | 34.80% |
| Debt Free | 60.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.9% |
