Mt. Carmel, TN Real Estate
According to census data in the year 2000 there were 2,111 housing units in Mt. Carmel.
This represents a 29.5% growth from 1,630 in 1990.
Of those housing units, 1,809 were located in either urbanized areas or urban clusters, and 302 were located in what is classified as a rural area.
Homeownership rate in Mt. Carmel is about 84.8%.
Mt. Carmel's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Mt. Carmel were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 2.60% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 62.50% |
| Four Bedrooms | 9.20% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $89,100 |
| Median Price asked for vacant units | $83,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $330 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.90% |
| Home Equity Loan | 8.90% |
| Simple Mortgage | 45.80% |
| Debt Free | 38.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
