Michie, TN Real Estate
According to census data in the year 2000 there were 308 housing units in Michie.
This represents a 4.8% growth from 294 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 308 were located in what is classified as a rural area.
Homeownership rate in Michie is about 76.8%.
Michie's vacancy rate, including seasonal lodging, is about 12%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Michie were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.50% |
| Two Bedrooms | 31.80% |
| Three Bedrooms | 54.90% |
| Four Bedrooms | 5.20% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $62,700 |
| Median Price asked for vacant units | $29,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.35 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $175 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 3.20% |
| Simple Mortgage | 32.50% |
| Debt Free | 57.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
