Cookeville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cookeville Neighborhoods Since 2000




Cookeville, 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

Cookeville Housing Market Information

With a population of 32,113, 13,091 total housing units (homes and apartments), and a median house value of $154,937, Cookeville 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 Cookeville, accounting for 53.33% of the city's housing units. Other types of housing that are prevalent in Cookeville include large apartment complexes or high rise apartments ( 22.63%), duplexes, homes converted to apartments or other small apartment buildings ( 17.93%), and a few mobile homes or trailers ( 3.62%).

The most prevalent building size and type in Cookeville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 39.71% owning and 60.29% renting.

There is a lot of housing in Cookeville 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 Cookeville built between 1940-1969 ( 23.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.29%). There's also some housing in Cookeville built before 1939 ( 3.62%).

Cookeville Home Appreciation Rates

Appreciation rates for homes in Cookeville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.65%, which ranks in the top 40% nationwide. This equates to an annual average Cookeville house appreciation rate of 0.74%.

Over the last year, Cookeville appreciation rates have trailed the rest of the nation. In the last twelve months, Cookeville's appreciation rate has been 2.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cookeville were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Cookeville's latest annual appreciation rate is lower than 70% 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 Cookeville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cookeville - 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 Cookeville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$154,937

Cookeville, TN HOME PRICES

Value Range
> $1,076,000 0.4
$807,001 - $1,076,000 0.4
$539,001 - $807,000 1.7
$431,001 - $539,000 1.5
$323,001 - $431,000 6.0
$215,001 - $323,000 15.4
$108,001 - $215,000 53.4
$54,001 - $108,000 16.4
$0 - $54,000 4.8

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
47.9432790343373 28.5714285714286

Number Of Homes And Apartments:
13,091

Cookeville 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
28.00% 1.44% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$817 / per month

Homeownership Rate

Homeownership
Owners 39.71
Renters 60.29
Vacant 8.42

Housing Market Details

 

Age of Homes

AGE OF Cookeville HOMES
2000 or Newer 21.3
1970 - 1999 51.9
1940 - 1969 23.2
1939 or Older 3.6

Types of Homes

TYPE OF Cookeville HOMES
Single-Family 53.3
Townhomes 2.1
Small Apt. Buildings 17.9
Apt. Complexes 22.6
Mobile Homes 3.6
Other 0.4

Home Size

SIZE OF Cookeville HOMES
No Bedroom 1.67
1 Bedroom 11.52
2 Bedrooms 35.31
3 Bedrooms 38.57
4 Bedrooms 10.29
5 or more bedrooms 2.64