Cookeville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cookeville, TN Real Estate Data


Cookeville Housing Market Information

With a population of 32,113, 13,091 total housing units (homes and apartments), and a median house value of $155,442, 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 8.78%, which ranks in the top 40% nationwide. This equates to an annual average Cookeville house appreciation rate of 0.84%.

NeighborhoodScout's data show that during the latest twelve months, Cookeville's appreciation rate, at 3.68%, has been at or slightly above the national average. In the latest quarter, Cookeville's appreciation rate has been 0.89%, which annualizes to a rate of 3.62%.

Relative to Tennessee, our data show that Cookeville's latest annual appreciation rate is lower than 60% 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:
$155,442

Cookeville, TN HOME PRICES

Value Range
> $1,079,000 0.0
$810,001 - $1,079,000 0.4
$540,001 - $810,000 1.7
$432,001 - $540,000 1.5
$324,001 - $432,000 6.0
$216,001 - $324,000 15.4
$108,001 - $216,000 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
47.4217742880581 27.8061224489796

Number Of Homes And Apartments:
13,091

Rent & Ownership

 

Average Market Rent:
$794 / 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

Cookeville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
28.30% 1.46% 3 3
* 10 is highest