Munford, Tennessee Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Munford, Tennessee rental market.
Munford, Tennessee
Average Apartment Rent
$1,288
Y-o-Y Change in Average
Apartment Rent
4.1%
As of November 2024
Compared to a year ago, Munford, Tennessee apartments have recorded a 4.1% rent increase.
Munford, Tennessee Average apartment rent trend
Munford, Tennessee Average Apartment Rent
Munford, Tennessee Housing tenure**
Renters take up 22% of Munford, Tennessee real estate, occupying a total of 475 units, while homeowners live in 1,637 properties.
Median number of rooms of renter-occupied housing units**
5.3
Renter median household income**
$44,830
Average household size of renter-occupied housing units**
2.68
Rental vacancy rate**
14.6%
Munford, Tennessee Renter-occupied housing units by no. of bedrooms**
There are 218 rentals in Munford, Tennessee with 3 beds making up the highest share of the market, at 46%. Units with 5 or more beds, on the other hand, hold the lowest percentage (9%), amounting to 42 units. Overall, the median number of rooms in Munford, Tennessee homes for rent is 5.3.
Munford, Tennessee Renter-occupied units by age of householder**
Most condos for rent in Munford, Tennessee are occupied by residents in the 35 - 44 years age group (35%), followed by those in the 25 - 34 years age group (20%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Munford, Tennessee Renter-occupied housing units by family type**
Munford, Tennessee Renter-occupied housing units by the presence of own children**
A total of 336 apartments for rent in Munford, Tennessee, or 71% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 146 units. All in all, the median size of a renter-occupied household in Munford, Tennessee is 2.68.
Munford, Tennessee Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 7% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Munford, Tennessee.
Munford, Tennessee Renter-occupied units by year structure built**
The highest share of Munford, Tennessee apartment rentals, namely 33% or 155 units, were Built 1980 - 1989, followed by those Built 2000 - 2009 (23%, 111 units), and the ones Built 1990 - 1999 (17%, 80 units).
Munford, Tennessee Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Munford, Tennessee renters (32%) moved in 2018 to 2020, while only 11% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Munford, Tennessee condos for rent is 2018.
Munford, Tennessee Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Munford, Tennessee renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 9% have 5 or more vehicles available.
Munford, Tennessee Means of transportation to work of householders living in renter-occupied housing units**
Munford, Tennessee Geographical mobility in the past year for householders living in renter-occupied housing units**
Munford, Tennessee Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Munford, Tennessee apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
