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 a population of 56,798, 20,047 total housing units (homes and apartments), and a median house value of $324,780, Bartlett real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Bartlett, accounting for 92.13% of the city's housing units. Other types of housing that are prevalent in Bartlett include large apartment complexes or high rise apartments ( 4.99%), row houses and other attached homes ( 1.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.05%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bartlett. Owner-occupied housing accounts for 84.89% of Bartlett's homes, and 79.01% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Bartlett 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 Bartlett built between 2000 and later ( 25.05%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.79%). There's also some housing in Bartlett built before 1939 ( 1.16%).
In the last 10 years, Bartlett has experienced some of the highest home appreciation rates of any community in the nation. Bartlett real estate appreciated 114.75% over the last ten years, which is an average annual home appreciation rate of 7.94%, putting Bartlett in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bartlett definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Bartlett that despite a nationwide downturn in the housing market, Bartlett real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bartlett appreciation rates continue to be some of the highest in America, at 6.54%, which is higher than appreciation rates in 78.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bartlett. Bartlett appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.46%.
Notably, Bartlett's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Tennessee, our data show that Bartlett's latest annual appreciation rate is higher 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 Bartlett differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bartlett - 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 Bartlett real estate investment or home purchase decisions.
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