Collegedale, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Collegedale, TN Housing Market Trends

With a population of 11,378, 4,167 total housing units (homes and apartments), and a median house value of $377,863, Collegedale real estate is some of the most expensive in Tennessee, although Collegedale home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Collegedale, accounting for 48.63% of the city's housing units. Other types of housing that are prevalent in Collegedale include large apartment complexes or high rise apartments ( 28.15%), duplexes, homes converted to apartments or other small apartment buildings ( 14.90%), and a few row houses and other attached homes ( 6.44%).

People in Collegedale primarily live in small (one, two or no bedroom) single-family detached homes. Collegedale has a mixture of owner-occupied and renter-occupied housing.

Collegedale homes and real estate are some of the newest in America. 47.98% of Collegedale's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Collegedale real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.71%), and between 1940-1969 ( 13.21%). There's also some housing in Collegedale built before 1939 ( 1.10%).

Collegedale Home Appreciation Rates

Appreciation rates for homes in Collegedale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 53.42%, which ranks in the top 40% nationwide. This equates to an annual average Collegedale house appreciation rate of 4.37%.

NeighborhoodScout's data show that during the latest twelve months, Collegedale's appreciation rate, at 9.56%, has been at or slightly above the national average. In the latest quarter, Collegedale's appreciation rate has been 3.14%, which annualizes to a rate of 13.15%.

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

Average Home Values

 

Median Home Value:
$377,863

Collegedale, TN HOME PRICES

> $1,290,000
1.6%
1.6%
$967,001 - $1,290,000
0.9%
0.9%
$645,001 - $967,000
5.6%
5.6%
$516,001 - $645,000
11.8%
11.8%
$387,001 - $516,000
18.4%
18.4%
$258,001 - $387,000
25.3%
25.3%
$129,001 - $258,000
28.3%
28.3%
$64,001 - $129,000
4.3%
4.3%
$0 - $64,000
3.7%
3.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TN

Value Relative To Nation

Number Of Homes And Apartments:
4,167

Collegedale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
96.50% 3.19%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,269 / per month

Homeownership Rate

Owners
41.2%
41.2%
Renters
58.8%
58.8%
Vacant
9.9%
9.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
48.0%
48.0%
1970 - 1999
37.7%
37.7%
1940 - 1969
13.2%
13.2%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
48.6%
48.6%
Townhomes
6.4%
6.4%
Small Apt. Buildings
14.9%
14.9%
Apt. Complexes
28.2%
28.2%
Mobile Homes
1.9%
1.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.3%
4.3%
1 Bedroom
11.6%
11.6%
2 Bedrooms
34.9%
34.9%
3 Bedrooms
30.0%
30.0%
4 Bedrooms
13.0%
13.0%
5 or more bedrooms
6.1%
6.1%
0.0% 100.0%
% OF HOMES