Baxter, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Baxter, 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

Baxter Housing Market Information

With 1,384 people, 589 houses or apartments, and a median cost of homes of $122,192, house prices in Baxter are solidly below the national average.

Single-family detached homes are the single most common housing type in Baxter, accounting for 73.86% of the town's housing units. Other types of housing that are prevalent in Baxter include mobile homes or trailers ( 12.46%), duplexes, homes converted to apartments or other small apartment buildings ( 7.60%), and a few large apartment complexes or high rise apartments ( 5.62%).

The most prevalent building size and type in Baxter are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.14% owning and 37.86% renting.

There is a lot of housing in Baxter 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 Baxter built between 1940-1969 ( 37.08%). A lesser amount of the housing stock also hails from before 1939 ( 11.09%). There's also some housing in Baxter built between 2000 and later ( 5.78%).

Vacant housing appears to be an issue in Baxter. Fully 10.49% of the housing stock is classified as vacant. Left unchecked, vacant Baxter homes and apartments can be a drag on the real estate market, holding Baxter 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.

Baxter Home Appreciation Rates

Appreciation rates for homes in Baxter have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.72%, which ranks in the top 50% nationwide. This equates to an annual average Baxter house appreciation rate of 0.17%.

Over the last year, Baxter appreciation rates have trailed the rest of the nation. In the last twelve months, Baxter's appreciation rate has been -0.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Baxter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Baxter's latest annual appreciation rate is lower than 90% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$122,192

Baxter, TN HOME PRICES

Value Range
> $1,045,000 0.4
$784,001 - $1,045,000 0.0
$523,001 - $784,000 0.0
$418,001 - $523,000 1.7
$314,001 - $418,000 5.7
$209,001 - $314,000 12.1
$104,001 - $209,000 42.3
$52,001 - $104,000 27.3
$0 - $52,000 10.5

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
64.2095394351342 49.4897959183673

Number Of Homes And Apartments:
589

Baxter 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
20.23% 1.07% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$823 / per month

Homeownership Rate

Homeownership
Owners 62.14
Renters 37.86
Vacant 10.49

Housing Market Details

 

Age of Homes

AGE OF Baxter HOMES
2000 or Newer 5.8
1970 - 1999 46.0
1940 - 1969 37.1
1939 or Older 11.1

Types of Homes

TYPE OF Baxter HOMES
Single-Family 73.9
Townhomes 0.5
Small Apt. Buildings 7.6
Apt. Complexes 5.6
Mobile Homes 12.5
Other 0.0

Home Size

SIZE OF Baxter HOMES
No Bedroom 0.00
1 Bedroom 5.62
2 Bedrooms 25.23
3 Bedrooms 60.33
4 Bedrooms 7.29
5 or more bedrooms 1.52