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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 297, 157 total housing units (homes and apartments), and a median house value of $220,498, Butler real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Butler, accounting for 90.91% of the town's housing units. Other types of housing that are prevalent in Butler include mobile homes or trailers ( 9.09%).
People in Butler primarily live in small (one, two or no bedroom) single-family detached homes. Butler has a mixture of owner-occupied and renter-occupied housing.
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. Butler's housing was primarily built during this period, from the '40s through the '60s. A full 34.09% of the town's housing hails from this era. Other housing ages represented in Butler include homes built before 1939 ( 24.09%) and housing constructed between 1970-1999 ( 20.91%). There's also some housing in Butler built between 2000 and later ( 20.91%).
Vacant housing appears to be an issue in Butler. Fully 28.64% of the housing stock is classified as vacant. Left unchecked, vacant Butler homes and apartments can be a drag on the real estate market, holding Butler 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.
In the last 10 years, Butler has experienced some of the highest home appreciation rates of any community in the nation. Butler real estate appreciated 117.99% over the last ten years, which is an average annual home appreciation rate of 8.10%, putting Butler in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Butler 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 Butler that despite a nationwide downturn in the housing market, Butler real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Butler appreciation rates continue to be some of the highest in America, at 10.54%, which is higher than appreciation rates in 79.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Butler. Butler appreciation rates in the latest quarter were at -1.58%, which equates to an annual appreciation rate of -6.15%.
Relative to Tennessee, our data show that Butler's latest annual appreciation rate is higher than 60% of the other cities and towns in Tennessee.
$1,204 / per month