Ashland City, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Ashland City Neighborhoods Since 2000




Ashland City, TN 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

Ashland City Housing Market Information

With a population of 4,649, 1,974 total housing units (homes and apartments), and a median house value of $136,551, house prices in Ashland City are solidly below the national average.

Single-family detached homes are the single most common housing type in Ashland City, accounting for 56.05% of the town's housing units. Other types of housing that are prevalent in Ashland City include large apartment complexes or high rise apartments ( 30.85%), row houses and other attached homes ( 5.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.59%).

The most prevalent building size and type in Ashland City are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.89% owning and 42.11% renting.

There is a lot of housing in Ashland City 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 Ashland City built between 2000 and later ( 34.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.71%). There's also some housing in Ashland City built before 1939 ( 1.06%).

Vacant housing appears to be an issue in Ashland City. Fully 12.89% of the housing stock is classified as vacant. Left unchecked, vacant Ashland City homes and apartments can be a drag on the real estate market, holding Ashland City 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.

Ashland City Home Appreciation Rates

Appreciation rates for homes in Ashland City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.43%, which ranks in the top 40% nationwide. This equates to an annual average Ashland City house appreciation rate of 0.72%.

Appreciation rates are so strong in Ashland City that despite a nationwide downturn in the housing market, Ashland City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ashland City appreciation rates continue to be some of the highest in America, at 7.94%, which is higher than appreciation rates in 86.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ashland City. Ashland City appreciation rates in the latest quarter were at 2.76%, which equates to an annual appreciation rate of 11.51%.

Importantly, this makes Ashland City one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$136,551

Ashland City, TN HOME PRICES

Value Range
> $1,212,000 0.0
$909,001 - $1,212,000 0.0
$606,001 - $909,000 0.0
$484,001 - $606,000 1.3
$363,001 - $484,000 3.0
$242,001 - $363,000 15.0
$121,001 - $242,000 45.3
$61,001 - $121,000 30.3
$0 - $61,000 5.2

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
56.3986874487285 37.7551020408163

Number Of Homes And Apartments:
1,974

Ashland City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
38.71% 1.91% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$878 / per month

Homeownership Rate

Homeownership
Owners 57.89
Renters 42.11
Vacant 12.89

Housing Market Details

 

Age of Homes

AGE OF Ashland City HOMES
2000 or Newer 34.2
1970 - 1999 37.1
1940 - 1969 27.7
1939 or Older 1.1

Types of Homes

TYPE OF Ashland City HOMES
Single-Family 56.0
Townhomes 5.8
Small Apt. Buildings 4.6
Apt. Complexes 30.8
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Ashland City HOMES
No Bedroom 0.00
1 Bedroom 11.08
2 Bedrooms 36.58
3 Bedrooms 39.10
4 Bedrooms 11.78
5 or more bedrooms 1.46