Collegedale, TN


Highest Appreciating Collegedale Neighborhoods Since 2000

Collegedale, 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

Collegedale Housing Market Information

With a population of 10,743, 3,207 total housing units (homes and apartments), and a median house value of $290,088, 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 61.39% of the city's housing units. Other types of housing that are prevalent in Collegedale include duplexes, homes converted to apartments or other small apartment buildings ( 15.25%), large apartment complexes or high rise apartments ( 13.60%), and a few mobile homes or trailers ( 5.28%).

The most prevalent building size and type in Collegedale are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.33% owning and 44.67% renting.

There is a lot of housing in Collegedale 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 Collegedale built between 2000 and later ( 34.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.67%).

Vacant housing appears to be an issue in Collegedale. Fully 14.96% of the housing stock is classified as vacant. Left unchecked, vacant Collegedale homes and apartments can be a drag on the real estate market, holding Collegedale 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.

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 8.99%, which ranks in the top 40% nationwide. This equates to an annual average Collegedale house appreciation rate of 0.86%.

NeighborhoodScout's data show that during the latest twelve months, Collegedale's appreciation rate, at 3.54%, has been at or slightly above the national average. In the latest quarter, Collegedale's appreciation rate has been 1.00%, which annualizes to a rate of 4.07%.

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

Average Home Values


Median Home Value:

Collegedale, TN HOME PRICES

Value Range
> $1,096,000 0.9
$823,001 - $1,096,000 0.8
$548,001 - $823,000 4.7
$439,001 - $548,000 9.2
$329,001 - $439,000 17.6
$219,001 - $329,000 24.9
$110,001 - $219,000 26.2
$55,001 - $110,000 7.6
$0 - $55,000 8.0

Very High for TN
Very High for Nation

Value Relative to Nation Value Relative to State
17.2711824680652 4.71938775510204

Number Of Homes And Apartments:

Collegedale Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
43.45% 2.11% 7 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$949 / per month

Homeownership Rate

Owners 55.33
Renters 44.67
Vacant 14.96

Housing Market Details


Age of Homes

AGE OF Collegedale HOMES
2000 or Newer 34.4
1970 - 1999 54.0
1940 - 1969 11.7
1939 or Older 0.0

Types of Homes

TYPE OF Collegedale HOMES
Single-Family 61.4
Townhomes 4.5
Small Apt. Buildings 15.2
Apt. Complexes 13.6
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Collegedale HOMES
No Bedroom 4.64
1 Bedroom 7.69
2 Bedrooms 22.41
3 Bedrooms 39.14
4 Bedrooms 17.85
5 or more bedrooms 8.27