Falling Water CDP Tennessee Area Home Supply Charts

This page looks at a variety of Falling Water CDP Tennessee housing market data taken from the most recent 2021 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Falling Water CDP shows it has a Housing Units of 593 which is the second smallest in order of housing units of all the other places in the greater region.

Figure 2 illustrates the housing density in the Falling Water CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Falling Water CDP depicts it has a Housing Density of 111.2 which is less than most other places in the greater region. The place with the highest housing density in the area is Middle Valley CDP which depicts a density of 461.8 (approximately 4.2 times bigger). Comparing housing density to the United States average of 39.2, Falling Water CDP is approximately 2.8 times bigger. Also, measured against the state of Tennessee, housing density of 72.5, Falling Water CDP is 53.3% larger.

In Figure 4, Falling Water CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Falling Water CDP depicts it has a Housing Unit Change of 8.8% which is the second most housing units of all the places in the greater Falling Water CDP region. The place with the highest change in the housing units in the area is Mowbray Mountain CDP which indicates a housing units of 10.3% (17.5% larger). Comparing change in the housing units to the United States average of 6.5%, Falling Water CDP is 36.4% larger. Also, versus the state of Tennessee, change in the housing units of 6.5%, Falling Water CDP is 34.6% larger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Falling Water CDP shows it has a Renter Percent of 17.2% which is the third most of all other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 82.8% which is less than most other places in the surrounding region.

Falling Water CDP Tennessee Home Cost Charts

Looking at the housing data provided in Figure 7, the average Falling Water CDP home price is illustrated for this community and a useful analysis of affordable housing. Falling Water CDP depicts it has a Median Home Value of $231,600 which is less than most other places in the local area. The place with the highest median home price in the area is Walden which shows a home price of $437,500 (about twice as large). Figure 8 provides aggregate comparative data for the Falling Water CDP Tennessee metro area in terms of the median housing rental rate, apartment rent, etc. Falling Water CDP depicts it has a Median Gross Rent of $918 which is less than most other places in the greater region. The place with the highest rental rates in the area is Signal Mountain which shows a rental rates of $1,841 (about twice as large). Comparing rental rates to the United States average of $1,096, Falling Water CDP is about 19.4% smaller. Also, measured against the state of Tennessee, rental rates of $897, Falling Water CDP is only slightly larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Falling Water CDP has the largest proportion of home price worth less than $50,000 at 21% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Falling Water CDP shows it has a Median Owner Cost of $565 which is the second smallest as measured by median ownership cost of all the other places in the greater region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Falling Water CDP metro area. it has a Owner Cost as % of HH Income of 14% which is the third most cost as a percent of household income of all other places in the greater Falling Water CDP region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Falling Water CDP shows it has a Median Home Value as Percent of Median Earnings of 407% which is in the mid range of other places in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Falling Water CDP shows it has a Median Owner Costs-With Mortgage of $1,792 which is in the mid range of other places in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $327 which is the second smallest when sorted by median housing cost of all the other places in the metropolitan area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Falling Water CDP has one of the largest proportions of owner cost less than $300 at 47% of the total and is ranked #2. The only larger place being Mowbray Mountain CDP with 61%. Second, it has the smallest proportion of owner cost between $300 and $500 at 6% of the total. Third, it has the second smallest in order of owner cost less than $300 of all the other places in the local area when sorted by owner cost between $500 and $700 at 5% of the total. Also, it has the second smallest when sorted by owner cost less than $300 of all the other places in the greater region in order of owner cost between $700 and $1,000 at 14% of the total. In addition, it has the largest proportion of owner cost between $1,500 and $2,000 at 17% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Falling Water CDP depicts it has a % of Income Owner Costs-With Mortgage of 16% which is the second smallest when ranked by cost as a percent of household income of all the other places in the local area. The place with the highest cost as a percent of household income in the area is Mowbray Mountain CDP which shows a cost as a percent of household income of 20% (27.0% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Falling Water CDP shows it has a % of Income Owner Costs-No Mortgage of 9% which is in the middle range of other places in the greater region. The place with the highest cost as a percent of household income in the area is Fairmount CDP which shows a cost as a percent of household income of 12% (36.7% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Falling Water CDP has one of the largest proportions of rent as a percent of income is less than 10 pct at 30% of the total and is ranked #3. Only #2 Middle Valley CDP (31%), and #1 Fairmount CDP (73%) are larger. Second, it has the second smallest in order of rent as a percent of income is less than 10 pct of all the other places in the metro area as measured by rent as a percent of income is between 40pct to 50pct at 6% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Falling Water CDP has the largest proportion of housing cost between $1,500 and $2,000 at 14% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,313 which is less than most other places in the metro area. The place with the highest median real estate taxes paid in the area is Walden which depicts a taxes paid of $3,393 (approximately 2.6 times bigger). Comparing median real estate taxes paid to the United States average of $2,551, Falling Water CDP is approximately half the size. Also, benchmarked against the state of Tennessee, median real estate taxes paid of $1,217, Falling Water CDP is 7.9% larger.

Figure 23 shows the rental rate distribution for this area. Falling Water CDP Tennessee has one of the largest proportions of rent between 300 and 500 dollars at 24% of the total and is ranked #2. The only larger place being Mowbray Mountain CDP with 27%. Second, it has one of the largest proportions of rent between 500 and 750 dollars at 31% of the total and is ranked #2. The only larger place being Middle Valley CDP with 34%. Third, it has in the mid point range of other places in the local area when ranked by rent between 750 and 1000 dollars at 17% of the total. Also, it has the largest proportion of rent between $1,500 and $2,500 at 12% of the total and is ranked #1.

Falling Water CDP Tennessee Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Falling Water CDP has one of the largest proportions of With HELOC no Primary Mortgage at 48% of the total and is ranked #3. Only #2 Walden (51%), and #1 Mowbray Mountain CDP (64%) are larger.

Falling Water CDP Tennessee Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.8 which is the largest of all places in the greater Falling Water CDP region. Comparing family members per housing unit to the United States average of 3.3, Falling Water CDP is 14.4% larger. Also, in contrast to the state of Tennessee, family members per housing unit of 3.2, Falling Water CDP is 19.3% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 6.1 which is the second smallest as measured by average number of rooms in a house of all the other places in the area. The place with the highest average number of rooms in a house in the area is Walden which shows an average number of rooms in a house of 7.9 (29.5% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1987 which is in the mid range of other places in the metro area. The place with the highest year built in the area is Lone Oak CDP which depicts a year built of 1991 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2014 or later at 9% of the total and is ranked #1. Second, it has in the middle range of other places in the area in order of homes built between 2010 to 2013 at 10% of the total. Third, it has less than most other places in the metro area as measured by homes built between 2000 to 2009 at 11% of the total. Also, it has the smallest proportion of homes built between 1990 to 1999 at 16% of the total. In addition, it has the smallest proportion of homes built between 1980 to 1989 at 10% of the total. Furthermore, it has the largest proportion of homes built between 1950 to 1959 at 8% of the total and is ranked #1. Next it has one of the largest proportions of homes built between 1940 to 1949 at 5% of the total and is ranked #3. Only #2 Signal Mountain (10%), and #1 Walden (13%) are larger.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other places in the greater region at 89 of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2014 or later at $515,000 of the total and is ranked #3. Only #2 Fairmount CDP ($547,400), and #1 Signal Mountain ($590,000) are larger. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $532,300 of the total and is ranked #3. Only #2 Signal Mountain ($672,600), and #1 Walden ($779,400) are larger. Third, it has less than most other places in the metro area when ranked by value of homes built 1990 to 1999 at $186,500 of the total. Also, it has in the intermediate range of other places in the greater region as measured by value of homes built 1980 to 1989 at $307,100 of the total. In addition, it has less than most other places in the metro area in terms of value of homes built 1970 to 1979 at $103,800 of the total. Furthermore, it has in the mid range of other places in the greater region when ranked by value of homes built 1960 to 1969 at $112,500 of the total. Next it has one of the largest proportions of value of homes built 1950 to 1959 at $105,900 of the total and is ranked #3. Only #2 Signal Mountain ($241,900), and #1 Walden ($308,300) are larger.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 13% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Falling Water CDP residents. it has a Owner-Household Size of 3.0 which is at the top of all other places in the greater Falling Water CDP region.

Figure 37 shows the household size for renters. Falling Water CDP shows it has a Renter-Household Size of 2.6 which is less than most other places in the greater region. The place with the highest renter household size in the area is Fairmount CDP which depicts a renter household sizes of 4.7 (78.5% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2019 or later at 42% of the total and is ranked #1. Second, it has one of the largest proportions of owners moved in 2015 to 2018 at 27% of the total and is ranked #2. The only larger place being Fairmount CDP with 44%. Third, it has the second smallest in order of owners moved in 2019 or later of all the other places in the local area in terms of owners moved in 2010 to 2014 at 16% of the total. Also, it has the smallest proportion of owners moved in 2000 to 2009 at 1% of the total. Figure 39 shows the year that people who rent moved into the area. Falling Water CDP has the percentage of renters moved in 2019 or later the second smallest when sorted by renters moved in 2019 or later of all the other places in the local area at 25% of the total. Second, it has less than most other places in the local area when sorted by renters moved in 2015 to 2018 at 8% of the total. Third, it has one of the largest proportions of renters moved in 2010 to 2014 at 23% of the total and is ranked #2. The only larger place being Mowbray Mountain CDP with 30%. Also, it has the largest proportion of renters moved in 2000 to 2009 at 6% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2012 which is the largest of all places in the local area. Figure 41 compares the median year that renters moved into their home. Falling Water CDP depicts it has a Renter Median Year Moved In of 2012 which is the second smallest in terms of median year that a renter moved in of all the other places in the metro area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of home using bottled, tank, or lp gas at 69% of the total and is ranked #2. The only larger place being Lone Oak CDP with 69%.