Newbern, TN Real Estate
According to census data in the year 2000 there were 1,322 housing units in Newbern.
This represents a 25% growth from 1,058 in 1990.
Of those housing units, 1,227 were located in either urbanized areas or urban clusters, and 95 were located in what is classified as a rural area.
Homeownership rate in Newbern is about 56.6%.
Newbern's vacancy rate, including seasonal lodging, is about 9.1%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Newbern were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 8.60% |
| Two Bedrooms | 39.60% |
| Three Bedrooms | 42.90% |
| Four Bedrooms | 7% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $65,800 |
| Median Price asked for vacant units | $66,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.03 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $322 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.50% |
| Home Equity Loan | 3.30% |
| Simple Mortgage | 48.90% |
| Debt Free | 43.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
