Bluff City, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bluff City, TN Real Estate Data


Bluff City Housing Market Information

With a population of 1,723, 733 total housing units (homes and apartments), and a median house value of $98,647, house prices in Bluff City are solidly below the national average.

Single-family detached homes are the single most common housing type in Bluff City, accounting for 71.11% of the city's housing units. Other types of housing that are prevalent in Bluff City include mobile homes or trailers ( 18.36%), large apartment complexes or high rise apartments ( 5.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.27%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bluff City. Owner-occupied housing accounts for 73.94% of Bluff City's homes, and 54.97% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bluff 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 Bluff City built between 1940-1969 ( 29.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.65%). There's also some housing in Bluff City built before 1939 ( 13.80%).

Vacant housing appears to be an issue in Bluff City. Fully 14.27% of the housing stock is classified as vacant. Left unchecked, vacant Bluff City homes and apartments can be a drag on the real estate market, holding Bluff 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.

Bluff City Home Appreciation Rates

Bluff City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bluff City during the period has been just -0.85%, which is lower than 70% of US communities.

Over the last year, Bluff City appreciation rates have trailed the rest of the nation. In the last twelve months, Bluff City's appreciation rate has been 1.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bluff City were at 2.04%, which equates to an annual appreciation rate of 8.43%.

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

Average Home Values

 

Median Home Value:
$98,647

Bluff City, TN HOME PRICES

Value Range
> $1,033,000 0.2
$774,001 - $1,033,000 0.1
$516,001 - $774,000 0.9
$413,001 - $516,000 0.5
$310,001 - $413,000 2.4
$207,001 - $310,000 13.2
$103,001 - $207,000 27.9
$52,001 - $103,000 33.0
$0 - $52,000 21.9

Low for TN
Low for Nation

Value Relative to Nation Value Relative to State
79.709550857879 75.2551020408163

Number Of Homes And Apartments:
733

Rent & Ownership

 

Average Market Rent:
$760 / per month

Homeownership Rate

Homeownership
Owners 73.94
Renters 26.06
Vacant 14.27

Housing Market Details

 

Age of Homes

AGE OF Bluff City HOMES
2000 or Newer 19.6
1970 - 1999 37.1
1940 - 1969 29.5
1939 or Older 13.8

Types of Homes

TYPE OF Bluff City HOMES
Single-Family 71.1
Townhomes 1.5
Small Apt. Buildings 3.3
Apt. Complexes 5.7
Mobile Homes 18.4
Other 0.0

Home Size

SIZE OF Bluff City HOMES
No Bedroom 0.35
1 Bedroom 4.91
2 Bedrooms 34.50
3 Bedrooms 49.12
4 Bedrooms 5.85
5 or more bedrooms 5.26

Bluff City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
22.64% 1.21% 2 2
* 10 is highest

Popular Neighborhoods in Bluff City

Zip Codes in Bluff City, TN