Commerce, TX Real Estate
According to census data in the year 2000 there were 3,408 housing units in Commerce.
This represents a 8.6% growth from 3,139 in 1990.
Of those housing units, 3,177 were located in either urbanized areas or urban clusters, and 231 were located in what is classified as a rural area.
Homeownership rate in Commerce is about 40.4%.
Commerce's vacancy rate, including seasonal lodging, is about 15.6%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Commerce were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.20% |
| One Bedroom | 26.60% |
| Two Bedrooms | 30.90% |
| Three Bedrooms | 30.10% |
| Four Bedrooms | 7.10% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $59,000 |
| Median Price asked for vacant units | $33,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $366 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 2% |
| Simple Mortgage | 44% |
| Debt Free | 50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.8% |
