Blountville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Blountville Neighborhoods Since 2000




Blountville, 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

Blountville Housing Market Information

With 3,091 people, 895 houses or apartments, and a median cost of homes of $126,821, house prices in Blountville are solidly below the national average.

Single-family detached homes are the single most common housing type in Blountville, accounting for 62.60% of the town's housing units. Other types of housing that are prevalent in Blountville include mobile homes or trailers ( 16.92%), large apartment complexes or high rise apartments ( 8.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.08%).

The most prevalent building size and type in Blountville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.98% owning and 43.02% renting.

There is a lot of housing in Blountville 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 Blountville built between 1940-1969 ( 20.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.92%). There's also some housing in Blountville built before 1939 ( 8.37%).

Vacant housing appears to be an issue in Blountville. Fully 13.94% of the housing stock is classified as vacant. Left unchecked, vacant Blountville homes and apartments can be a drag on the real estate market, holding Blountville 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.

Blountville Home Appreciation Rates

Appreciation rates for homes in Blountville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.94%, which ranks in the top 50% nationwide. This equates to an annual average Blountville house appreciation rate of 0.19%.

Appreciation rates are so strong in Blountville that despite a nationwide downturn in the housing market, Blountville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Blountville appreciation rates continue to be some of the highest in America, at 5.88%, which is higher than appreciation rates in 73.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Blountville. Blountville appreciation rates in the latest quarter were at -1.22%, which equates to an annual appreciation rate of -4.81%.

Notably, Blountville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Tennessee, our data show that Blountville's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$126,821

Blountville, TN HOME PRICES

Value Range
> $1,052,000 0.7
$789,001 - $1,052,000 0.6
$526,001 - $789,000 3.3
$421,001 - $526,000 1.5
$316,001 - $421,000 4.5
$210,001 - $316,000 14.7
$105,001 - $210,000 33.3
$53,001 - $105,000 20.1
$0 - $53,000 21.2

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
61.4965428337044 46.1734693877551

Number Of Homes And Apartments:
895

Blountville 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
30.26% 1.54% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$650 / per month

Homeownership Rate

Homeownership
Owners 56.98
Renters 43.02
Vacant 13.94

Housing Market Details

 

Age of Homes

AGE OF Blountville HOMES
2000 or Newer 11.9
1970 - 1999 59.4
1940 - 1969 20.3
1939 or Older 8.4

Types of Homes

TYPE OF Blountville HOMES
Single-Family 62.6
Townhomes 3.9
Small Apt. Buildings 8.1
Apt. Complexes 8.5
Mobile Homes 16.9
Other 0.0

Home Size

SIZE OF Blountville HOMES
No Bedroom 0.77
1 Bedroom 2.79
2 Bedrooms 39.33
3 Bedrooms 46.54
4 Bedrooms 10.58
5 or more bedrooms 0.00