Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 281 people, 141 houses or apartments, and a median cost of homes of $375,791, Walland real estate is some of the most expensive in Tennessee, although Walland home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Walland, accounting for 97.87% of the town's housing units. Other types of housing that are prevalent in Walland include mobile homes or trailers ( 2.13%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Walland. Owner-occupied housing accounts for 75.89% of Walland's homes, and 88.65% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Walland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Walland built before 1939 ( 12.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.22%). There's also some housing in Walland built between 2000 and later ( 9.22%).
Appreciation rates for homes in Walland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.54%, which ranks in the top 50% nationwide. This equates to an annual average Walland house appreciation rate of 6.49%.
Appreciation rates are so strong in Walland that despite a nationwide downturn in the housing market, Walland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Walland appreciation rates continue to be some of the highest in America, at 10.48%, which is higher than appreciation rates in 95.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Walland. Walland appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.66%.
Relative to Tennessee, our data show that Walland's latest annual appreciation rate is higher than 90% of the other cities and towns in Tennessee.
$375,791
for Tennessee
for nation
141
$1,830 / per month