Nashville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Nashville, NC Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Nashville Housing Market Information

With 5,460 people, 2,321 houses or apartments, and a median cost of homes of $139,701, Nashville 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 Nashville, accounting for 73.08% of the town's housing units. Other types of housing that are prevalent in Nashville include duplexes, homes converted to apartments or other small apartment buildings ( 13.34%), large apartment complexes or high rise apartments ( 8.78%), and a few mobile homes or trailers ( 3.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nashville. Owner-occupied housing accounts for 65.34% of Nashville's homes, and 62.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Nashville 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 Nashville built between 1940-1969 ( 25.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.53%). There's also some housing in Nashville built before 1939 ( 6.21%).

Vacant housing appears to be an issue in Nashville. Fully 11.00% of the housing stock is classified as vacant. Left unchecked, vacant Nashville homes and apartments can be a drag on the real estate market, holding Nashville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Nashville Home Appreciation Rates

Real estate appreciation rates in Nashville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.

Appreciation rates are so strong in Nashville that despite a nationwide downturn in the housing market, Nashville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Nashville appreciation rates continue to be some of the highest in America, at 6.82%, which is higher than appreciation rates in 80.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Nashville. Nashville appreciation rates in the latest quarter were at 0.85%, which equates to an annual appreciation rate of 3.43%.

Relative to North Carolina, our data show that Nashville's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$139,701

Nashville, NC HOME PRICES

Value Range
> $1,053,000 2.2
$790,001 - $1,053,000 0.0
$527,001 - $790,000 0.1
$421,001 - $527,000 0.7
$316,001 - $421,000 4.4
$211,001 - $316,000 11.7
$105,001 - $211,000 47.2
$52,001 - $105,000 23.0
$0 - $52,000 10.7

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
54.8810500410172 48.8203266787659

Number Of Homes And Apartments:
2,321

Nashville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.51% 0.84% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$785 / per month

Homeownership Rate

Homeownership
Owners 65.34
Renters 34.66
Vacant 11.00

Housing Market Details

 

Age of Homes

AGE OF Nashville HOMES
2000 or Newer 14.5
1970 - 1999 53.9
1940 - 1969 25.3
1939 or Older 6.2

Types of Homes

TYPE OF Nashville HOMES
Single-Family 73.1
Townhomes 1.3
Small Apt. Buildings 13.3
Apt. Complexes 8.8
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Nashville HOMES
No Bedroom 3.53
1 Bedroom 11.08
2 Bedrooms 22.89
3 Bedrooms 52.26
4 Bedrooms 9.85
5 or more bedrooms 0.38

Popular Neighborhoods in Nashville

Zip Codes in Nashville, NC