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Spring City, TN Real Estate


According to census data in the year 2000 there were 952 housing units in Spring City. This represents a 1.6% decline from 967 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 952 were located in what is classified as a rural area.

Homeownership rate in Spring City is about 63.7%. Spring City's vacancy rate, including seasonal lodging, is about 10.6%. Average household size is 2.22 people.

The majority of houses, apartments or condos in Spring City were built after 1972.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom8.50%
Two Bedrooms31.40%
Three Bedrooms47.30%
Four Bedrooms11.20%
Five Bedrooms or more1.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.05
Median year structure was built1971
Median Value of occupied units$67,400
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1975
Median Monthly Rent asked for vacant units$323

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0.80%
Home Equity Loan2.50%
Simple Mortgage38.90%
Debt Free57.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.5%