Kingsport appreciation rates and housing market information

Kingsport housing market information

With 44,560 people, 21,817 houses or apartments, and a median cost of homes of $155,010, Kingsport real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Kingsport, accounting for 64.13% of the city's housing units. Other types of housing that are prevalent in Kingsport include large apartment complexes or high rise apartments (18.64%), duplexes, homes converted to apartments, or other small apartment buildings (7.86%), mobile homes or trailers (4.85%), and a few row houses and other attached homes (4.48%).

The most prevalent building size and type in Kingsport are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 58.12% owning, and 32.02% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kingsport's housing was primarily built during this period, from the '40s through the '60s. A full 47.17% of the city's housing hails from this era. Other housing ages represented in Kingsport include homes built between 1970-1994 (33.63%), and housing constructed from 1939 and earlier (10.44%). There's also some housing in Kingsport built between 1995 and later (8.76%).

Kingsport home appreciation rates

Real estate appreciation rates in Kingsport have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.30% during the period.

Appreciation rates are so strong in Kingsport that despite a nationwide downturn in the housing market, Kingsport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kingsport appreciation rates continue to be some of the highest in America, at 3.13%, which is higher than appreciation rates in 76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kingsport. Kingsport appreciation rates in the latest quarter were at -2.52%, which equates to an annual appreciation rate of -10.08%.

Notably, Kingsport's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Tennessee, our data show that Kingsport's latest annual appreciation rate is higher than 41% of the other cities and towns in Tennessee.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Kingsport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kingsport - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Kingsport real estate investment or home purchase decisions.