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 Type | 0% |
| One Bedroom | 8.50% |
| Two Bedrooms | 31.40% |
| Three Bedrooms | 47.30% |
| Four Bedrooms | 11.20% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.05 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $67,400 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $323 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0.80% |
| Home Equity Loan | 2.50% |
| Simple Mortgage | 38.90% |
| Debt Free | 57.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.5% |
