New Hope, TN Real Estate
According to census data in the year 2000 there were 433 housing units in New Hope.
This represents a 24.8% growth from 347 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 433 were located in what is classified as a rural area.
Homeownership rate in New Hope is about 85.3%.
New Hope's vacancy rate, including seasonal lodging, is about 7.6%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in New Hope were built after 1984.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3% |
| Two Bedrooms | 24.70% |
| Three Bedrooms | 60.30% |
| Four Bedrooms | 10.20% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1984 |
| Median Value of occupied units | $82,400 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.9 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2% |
| Home Equity Loan | 2% |
| Simple Mortgage | 52.50% |
| Debt Free | 43.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
