Riceville CDP Tennessee Area Home Supply Charts

This page looks at a variety of Riceville CDP Tennessee housing market data taken from the most recent 2022 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. Riceville CDP depicts it has a Housing Units of 503 which is less than most other places in the local area.

Figure 2 illustrates the housing density in the Riceville CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Riceville CDP shows it has a Housing Density of 231.0 which is the second smallest in order of housing density of all the other places in the local area. The place with the highest housing density in the area is Etowah which depicts a density of 610.0 (approximately 2.6 times bigger). Comparing housing density to the United States average of 39.5, Riceville CDP is very much bigger. Also, measured against the state of Tennessee, housing density of 72.9, Riceville CDP is approximately 3.2 times bigger.

In Figure 4, Riceville CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Riceville CDP depicts it has a Housing Unit Change of 67.7% which is the largest of all places in the greater Riceville CDP region. Comparing change in the housing units to the United States average of 7.4%, Riceville CDP is markedly bigger. Also, measured against the state of Tennessee, change in the housing units of 7.1%, Riceville CDP is very much bigger.

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.) Riceville CDP depicts it has a Renter Percent of 42.0% which is the second most renter percent of all the places in the greater Riceville CDP region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 58.0% which is the second smallest when ranked by owner percent of all the other places in the greater region.

Riceville CDP Tennessee Home Cost Charts

Looking at the housing data provided in Figure 7, the average Riceville CDP home price is illustrated for this community and a useful analysis of affordable housing. Riceville CDP depicts it has a Median Home Value of $155,600 which is the third most median home prices of all other places in the greater Riceville CDP region. The place with the highest median home price in the area is Decatur which depicts a home price of $169,200 (8.7% larger). Figure 8 provides aggregate comparative data for the Riceville CDP Tennessee metro area in terms of the median housing rental rate, apartment rent, etc. Riceville CDP shows it has a Median Gross Rent of $819 which is the second most rental rates of all the places in the greater Riceville CDP region. The place with the highest rental rates in the area is Charleston which depicts a rental rates of $826 ( about the same size). Comparing rental rates to the United States average of $1,163, Riceville CDP is approximately three-fourths the size. Also, in comparison with the state of Tennessee, rental rates of $951, Riceville CDP is about 16.1% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Riceville CDP has the smallest proportion of home price worth less than $50,000 at 8% of the total. Second, it has one of the largest proportions of home price worth between $50,000 to $100,000 at 55% of the total and is ranked #2. The only larger place being Charleston with 61%. Third, it has one of the largest proportions of home price worth between $100,000 to $200,000 at 25% of the total and is ranked #2. The only larger place being Decatur with 33%.

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. Riceville CDP depicts it has a Median Owner Cost of $930 which is at the top of all other places in the greater Riceville CDP region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Riceville CDP metro area. it has a Owner Cost as % of HH Income of 18% which is the highest of all places in the greater Riceville 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. Riceville CDP depicts it has a Median Home Value as Percent of Median Earnings of 361% which is the second most median home value as a percent of median worker earnings of all the places in the greater Riceville CDP region.

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.) Riceville CDP depicts it has a Median Owner Costs-With Mortgage of $1,000 which is in the mid range of other places in the surrounding region. 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 $337 which is less than most other places in the local 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. Riceville CDP has the smallest proportion of owner cost less than $300 at 10% of the total. Second, it has one of the largest proportions of owner cost between $300 and $500 at 14% of the total and is ranked #2. The only larger place being Etowah with 18%. Third, it has one of the largest proportions of owner cost between $700 and $1,000 at 27% of the total and is ranked #2. The only larger place being Decatur with 27%.

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.) Riceville CDP depicts it has a % of Income Owner Costs-With Mortgage of 20% which is less than most other places in the surrounding region. The place with the highest cost as a percent of household income in the area is Calhoun which depicts a cost as a percent of household income of 23% (14.5% 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. Riceville CDP shows it has a % of Income Owner Costs-No Mortgage of 12% which is the second most of all the places in the metro area. The place with the highest cost as a percent of household income in the area is Calhoun which shows a cost as a percent of household income of 13% ( only slightly 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.) Riceville CDP has the percentage of rent as a percent of income is less than 10 pct the second smallest as measured by rent as a percent of income is less than 10 pct of all the other places in the metropolitan area at 17% of the total. Second, it has the largest proportion of rent as a percent of income is between 30pct to 40pct at 23% of the total and is ranked #1. Third, it has less than most other places in the metro area as measured by rent as a percent of income is between 40pct to 50pct at 9% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Riceville CDP has the largest proportion of housing cost between $500 and $700 at 39% 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 $873 which is the second most median real estate taxes paid of all the places in the greater Riceville CDP region. The place with the highest median real estate taxes paid in the area is Athens which depicts a taxes paid of $1,010 (15.7% larger). Comparing median real estate taxes paid to the United States average of $2,690, Riceville CDP is approximately a third the size. Also, versus the state of Tennessee, median real estate taxes paid of $1,270, Riceville CDP is approximately three-fourths the size.

Figure 23 shows the rental rate distribution for this area. Riceville CDP Tennessee has the largest proportion of rent less than 300 dollars at 27% of the total and is ranked #1. Second, it has the second smallest when ranked by rent less than 300 dollars of all the other places in the local area in terms of rent between 300 and 500 dollars at 17% of the total. Third, it has the largest proportion of rent between 500 and 750 dollars at 56% of the total and is ranked #1.

Riceville CDP Tennessee Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Riceville CDP has the largest proportion of With mortgage at 74% of the total and is ranked #1. Second, it has the smallest proportion of With HELOC no Primary Mortgage at 26% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Riceville CDP has the smallest proportion of houses with mortgages at 26% of the total.

Riceville CDP Tennessee Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.4 which is is the uppermost of the places in the greater Riceville CDP region. Comparing family members per housing unit to the United States average of 3.3, Riceville CDP is only about 3.2% larger. Also, in contrast to the state of Tennessee, family members per housing unit of 3.2, Riceville CDP is 6.7% 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 5.3 which is the smallest when ranked by average number of rooms in a house of all the other places in the local area. The place with the highest average number of rooms in a house in the area is Charleston which depicts an average number of rooms in a house of 5.9 (11.3% 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 more than all other places in the greater Riceville CDP region.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2019 in the center range of other places in the area at 14% of the total. Second, it has the largest proportion of homes built between 2000 to 2009 at 24% of the total and is ranked #1. Third, it has the largest proportion of homes built between 1990 to 1999 at 32% of the total and is ranked #1. Also, it has the smallest proportion of homes built between 1970 to 1979 at 4% of the total.

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 metropolitan area at 196 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 50 or more units at 31% of the total and is ranked #1.

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 1990 to 1999 at $155,400 of the total and is ranked #3. Only #2 Athens ($185,600), and #1 Decatur ($252,500) are larger.

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 Riceville CDP residents. it has a Owner-Household Size of 2.0 which is the second smallest when ranked by homeowner household size of all the other places in the greater region. The place with the highest homeowner household size in the area is Charleston which shows a homeowner household size of 2.5 (25.9% larger).

Figure 37 shows the household size for renters. Riceville CDP depicts it has a Renter-Household Size of 2.6 which is in the middle range of other places in the metropolitan area. The place with the highest renter household size in the area is Etowah which depicts a renter household sizes of 3.0 (15.1% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2015 to 2018 less than most other places in the local area at 16% of the total. Second, it has the largest proportion of owners moved in 2010 to 2014 at 49% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Riceville CDP has one of the largest proportions of renters moved in 2019 or later at 61% of the total and is ranked #3. Only #2 Etowah (61%), and #1 Decatur (65%) are larger.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2007 which is in the mid range of other places in the greater region. Figure 41 compares the median year that renters moved into their home. Riceville CDP shows it has a Renter Median Year Moved In of 2017 which is at the top of all other places in the greater Riceville CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using coal or coke at 3% of the total and is ranked #1.