Brentwood, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brentwood Neighborhoods Since 2000




Brentwood, 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

Brentwood Housing Market Information

With 41,763 people, 12,949 houses or apartments, and a median cost of homes of $643,883, Brentwood house prices are not only among the most expensive in Tennessee, Brentwood real estate also is some of the most expensive in all of America.

Brentwood is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Brentwood than is found in 98% of the communities in America.

The large homes that make up Brentwood are primarily owner-occupied ( 91.58%).

There is a lot of housing in Brentwood 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 Brentwood built between 2000 and later ( 32.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.70%).

Brentwood Home Appreciation Rates

In the last 10 years, Brentwood has experienced some of the highest home appreciation rates of any community in the nation. Brentwood real estate appreciated 30.26% over the last ten years, which is an average annual home appreciation rate of 2.68%, putting Brentwood in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brentwood definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Brentwood that despite a nationwide downturn in the housing market, Brentwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brentwood appreciation rates continue to be some of the highest in America, at 8.74%, which is higher than appreciation rates in 89.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brentwood. Brentwood appreciation rates in the latest quarter were at 2.76%, which equates to an annual appreciation rate of 11.51%.

Importantly, this makes Brentwood one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brentwood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brentwood - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Brentwood real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$643,883

Brentwood, TN HOME PRICES

Value Range
> $1,268,000 7.6
$951,001 - $1,268,000 11.5
$634,001 - $951,000 31.5
$507,001 - $634,000 20.8
$381,001 - $507,000 16.3
$253,001 - $381,000 6.7
$127,001 - $253,000 3.6
$63,001 - $127,000 0.7
$0 - $63,000 1.1

Very High for TN
Very High for Nation

Value Relative to Nation Value Relative to State
3.25208015938123 1.02040816326531

Number Of Homes And Apartments:
12,949

Brentwood 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
92.34% 3.86% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,034 / per month

Homeownership Rate

Homeownership
Owners 91.58
Renters 8.42
Vacant 2.39

Housing Market Details

 

Age of Homes

AGE OF Brentwood HOMES
2000 or Newer 32.0
1970 - 1999 58.7
1940 - 1969 8.7
1939 or Older 0.6

Types of Homes

TYPE OF Brentwood HOMES
Single-Family 93.5
Townhomes 3.7
Small Apt. Buildings 0.9
Apt. Complexes 1.5
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Brentwood HOMES
No Bedroom 1.31
1 Bedroom 0.27
2 Bedrooms 2.70
3 Bedrooms 19.31
4 Bedrooms 53.92
5 or more bedrooms 22.49