New Market, TN Real Estate
According to census data in the year 2000 there were 507 housing units in New Market.
This represents a 23.1% growth from 412 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 507 were located in what is classified as a rural area.
Homeownership rate in New Market is about 88%.
New Market's vacancy rate, including seasonal lodging, is about 7.7%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in New Market were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 3.40% |
| Two Bedrooms | 24.30% |
| Three Bedrooms | 54.20% |
| Four Bedrooms | 13.40% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $80,400 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 5.50% |
| Simple Mortgage | 56.10% |
| Debt Free | 33.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
