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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bristol, TN Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bristol, TN Housing Market Trends

With a population of 27,705, 11,750 total housing units (homes and apartments), and a median house value of $215,887, house prices in Bristol are solidly below the national average.

Single-family detached homes are the single most common housing type in Bristol, accounting for 59.76% of the city's housing units. Other types of housing that are prevalent in Bristol include large apartment complexes or high rise apartments ( 14.39%), duplexes, homes converted to apartments or other small apartment buildings ( 13.28%), and a few mobile homes or trailers ( 7.84%).

The most prevalent building size and type in Bristol are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.64% owning and 36.36% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bristol's housing was primarily built during this period, from the '40s through the '60s. A full 39.52% of the city's housing hails from this era. Other housing ages represented in Bristol include homes built between 1970-1999 ( 37.63%) and housing constructed between 2000 and later ( 12.43%). There's also some housing in Bristol built before 1939 ( 10.41%).

Bristol Home Appreciation Rates

Appreciation rates for homes in Bristol have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.52%, which ranks in the top 40% nationwide. This equates to an annual average Bristol house appreciation rate of 6.88%.

Appreciation rates are so strong in Bristol that despite a nationwide downturn in the housing market, Bristol real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bristol appreciation rates continue to be some of the highest in America, at 8.10%, which is higher than appreciation rates in 89.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bristol. Bristol appreciation rates in the latest quarter were at 4.40%, which equates to an annual appreciation rate of 18.78%.

Relative to Tennessee, our data show that Bristol's latest annual appreciation rate is higher than 80% 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 Bristol differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bristol - 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 Bristol real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$215,887

Bristol, TN Home Prices
> $1,596,000
$1,197,001 - $1,596,000
$798,001 - $1,197,000
$638,001 - $798,000
$479,001 - $638,000
$319,001 - $479,000
$160,001 - $319,000
$80,001 - $160,000
$0 - $80,000
0.2%
0.2%
0.7%
0.7%
1.7%
1.7%
1.9%
1.9%
4.7%
4.7%
12.4%
12.4%
40.5%
40.5%
28.4%
28.4%
9.5%
9.5%
0% 100.0%
% of Homes
Average

for Tennessee

Average

for nation

Number of Homes And Apartments:

11,750

Bristol Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,405 / per month

Homeownership Rate

Owners
Renters
Vacant
63.6%
63.6%
36.4%
36.4%
9.8%
9.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.4%
12.4%
37.6%
37.6%
39.5%
39.5%
10.4%
10.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
59.8%
59.8%
4.7%
4.7%
13.3%
13.3%
14.4%
14.4%
7.8%
7.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
9.4%
9.4%
31.0%
31.0%
40.8%
40.8%
12.9%
12.9%
3.9%
3.9%
0% 100.0%
% of Homes