Bluff City, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bluff City, 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

Bluff City Housing Market Information

With 1,723 people, 761 houses or apartments, and a median cost of homes of $100,847, 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 71.35% of the city's housing units. Other types of housing that are prevalent in Bluff City include mobile homes or trailers ( 17.81%), large apartment complexes or high rise apartments ( 6.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.77%).

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 72.54% of Bluff City's homes, and 54.09% 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 ( 28.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.69%). There's also some housing in Bluff City built before 1939 ( 16.04%).

Vacant housing appears to be an issue in Bluff City. Fully 15.82% 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

Real estate appreciation rates in Bluff City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.43% during the period.

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 2.56%, 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 -1.22%, which equates to an annual appreciation rate of -4.81%.

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

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

Average Home Values

 

Median Home Value:
$100,847

Bluff City, TN HOME PRICES

Value Range
> $1,010,000 0.2
$758,001 - $1,010,000 0.0
$505,001 - $758,000 1.2
$404,001 - $505,000 0.5
$303,001 - $404,000 1.1
$202,001 - $303,000 14.3
$101,001 - $202,000 29.0
$50,001 - $101,000 35.0
$0 - $50,000 18.6

Low for TN
Low for Nation

Value Relative to Nation Value Relative to State
77.0420719559358 71.6836734693878

Number Of Homes And Apartments:
761

Bluff City 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
18.71% 1.00% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$729 / per month

Homeownership Rate

Homeownership
Owners 72.54
Renters 27.46
Vacant 15.82

Housing Market Details

 

Age of Homes

AGE OF Bluff City HOMES
2000 or Newer 20.7
1970 - 1999 34.5
1940 - 1969 28.8
1939 or Older 16.0

Types of Homes

TYPE OF Bluff City HOMES
Single-Family 71.3
Townhomes 1.8
Small Apt. Buildings 2.8
Apt. Complexes 6.3
Mobile Homes 17.8
Other 0.0

Home Size

SIZE OF Bluff City HOMES
No Bedroom 0.00
1 Bedroom 4.09
2 Bedrooms 35.40
3 Bedrooms 48.01
4 Bedrooms 6.08
5 or more bedrooms 6.42

Popular Neighborhoods in Bluff City

Zip Codes in Bluff City, TN