The 2000 Census indicates that Tennessee has a total of 2,232,905 occupied homes. 1,205,931 of these homes are occupied by the owner. 2,690 have a property value of $1,000,000 or more, or 0.2 percent. 10,187 homes are valued at $500,000 to $999,999, or 0.8 percent 35,806 are priced from $300,000 to $499,999, or 3.0 percent. 84,945 have a real estate value of $200,000 to $299,999, or 7.0 percent. The are 126,104 residences in the $150,000 to $199,000 price range, or 10.5 percent. 271,857 home owners in Tennessee have homes valued from $100,000 to $149,999 (22.5 percent). The number of homes in the $50,000 to $99,999 price range is 517,407, or 42.9 percent. There are 156,935 properties priced at less than $50,000, or 13.0 percent.
In Tennessee, 795,765 or 66.0 percent of home owners have a mortgage. The median monthly mortgage payment is $882. 410,166, or 34.0 percent of home owners have no mortgage.
Tennessee has a total of 657,138 occupied rental units. The median rent per month is $505.
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