Bolivar, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bolivar Neighborhoods Since 2000




Bolivar, 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

Bolivar Housing Market Information

With a population of 5,093, 1,759 total housing units (homes and apartments), and a median house value of $104,006, house prices in Bolivar are solidly below the national average.

Single-family detached homes are the single most common housing type in Bolivar, accounting for 76.94% of the city's housing units. Other types of housing that are prevalent in Bolivar include duplexes, homes converted to apartments or other small apartment buildings ( 14.73%), mobile homes or trailers ( 4.42%), and a few large apartment complexes or high rise apartments ( 3.91%).

The most prevalent building size and type in Bolivar are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.78% owning and 39.22% renting.

There is a lot of housing in Bolivar 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 Bolivar built between 1940-1969 ( 39.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.31%). There's also some housing in Bolivar built before 1939 ( 3.81%).

Vacant housing appears to be an issue in Bolivar. Fully 17.22% of the housing stock is classified as vacant. Left unchecked, vacant Bolivar homes and apartments can be a drag on the real estate market, holding Bolivar 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.

Bolivar Home Appreciation Rates

Bolivar's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bolivar during the period has been just -1.09%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bolivar's appreciation rate, at 3.94%, has been at or slightly above the national average. In the latest quarter, Bolivar's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Tennessee, our data show that Bolivar's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$104,006

Bolivar, TN HOME PRICES

Value Range
> $1,049,000 0.0
$786,001 - $1,049,000 0.0
$524,001 - $786,000 0.7
$419,001 - $524,000 0.5
$314,001 - $419,000 3.0
$209,001 - $314,000 7.4
$105,001 - $209,000 30.1
$52,001 - $105,000 35.8
$0 - $52,000 22.4

Low for TN
Low for Nation

Value Relative to Nation Value Relative to State
75.0146490097269 68.1122448979592

Number Of Homes And Apartments:
1,759

Bolivar 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
11.33% 0.62% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$722 / per month

Homeownership Rate

Homeownership
Owners 60.78
Renters 39.22
Vacant 17.22

Housing Market Details

 

Age of Homes

AGE OF Bolivar HOMES
2000 or Newer 6.3
1970 - 1999 50.5
1940 - 1969 39.4
1939 or Older 3.8

Types of Homes

TYPE OF Bolivar HOMES
Single-Family 76.9
Townhomes 0.0
Small Apt. Buildings 14.7
Apt. Complexes 3.9
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Bolivar HOMES
No Bedroom 1.74
1 Bedroom 10.26
2 Bedrooms 24.75
3 Bedrooms 49.65
4 Bedrooms 9.18
5 or more bedrooms 4.42

Popular Neighborhoods in Bolivar

Zip Codes in Bolivar, TN