Athens, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Athens Neighborhoods Since 2000




Athens, 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

Athens Housing Market Information

With a population of 13,688, 5,477 total housing units (homes and apartments), and a median house value of $99,819, house prices in Athens are solidly below the national average.

Single-family detached homes are the single most common housing type in Athens, accounting for 65.33% of the city's housing units. Other types of housing that are prevalent in Athens include duplexes, homes converted to apartments or other small apartment buildings ( 15.16%), large apartment complexes or high rise apartments ( 14.00%), and a few mobile homes or trailers ( 3.83%).

There is a lot of housing in Athens 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 Athens built between 1940-1969 ( 35.34%). A lesser amount of the housing stock also hails from before 1939 ( 10.19%). There's also some housing in Athens built between 2000 and later ( 10.02%).

Vacant housing appears to be an issue in Athens. Fully 13.05% of the housing stock is classified as vacant. Left unchecked, vacant Athens homes and apartments can be a drag on the real estate market, holding Athens 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.

Athens Home Appreciation Rates

Appreciation rates for homes in Athens have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.73%, which ranks in the top 50% nationwide. This equates to an annual average Athens house appreciation rate of 0.07%.

Over the last year, Athens appreciation rates have trailed the rest of the nation. In the last twelve months, Athens's appreciation rate has been 1.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Athens were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Athens's latest annual appreciation rate is lower than 80% 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 Athens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Athens - 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 2000, to assist you in making the best Athens real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$99,819

Athens, TN HOME PRICES

Value Range
> $1,058,000 0.3
$794,001 - $1,058,000 0.0
$529,001 - $794,000 0.1
$423,001 - $529,000 1.2
$318,001 - $423,000 1.9
$212,001 - $318,000 11.8
$106,001 - $212,000 33.2
$53,001 - $106,000 35.6
$0 - $53,000 16.0

Low for TN
Low for Nation

Value Relative to Nation Value Relative to State
77.6573303644674 73.2142857142857

Number Of Homes And Apartments:
5,477

Athens 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
36.60% 1.82% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$776 / per month

Homeownership Rate

Homeownership
Owners 52.08
Renters 47.92
Vacant 13.05

Housing Market Details

 

Age of Homes

AGE OF Athens HOMES
2000 or Newer 10.0
1970 - 1999 44.5
1940 - 1969 35.3
1939 or Older 10.2

Types of Homes

TYPE OF Athens HOMES
Single-Family 65.3
Townhomes 1.7
Small Apt. Buildings 15.2
Apt. Complexes 14.0
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Athens HOMES
No Bedroom 1.73
1 Bedroom 9.40
2 Bedrooms 37.97
3 Bedrooms 39.58
4 Bedrooms 9.53
5 or more bedrooms 1.79