Corryton TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Corryton, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Corryton Housing Market Information

With a population of 11,775, 1,443 total housing units (homes and apartments), and a median house value of $187,446, Corryton 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 Corryton, accounting for 83.67% of the town's housing units. Other types of housing that are prevalent in Corryton include mobile homes or trailers ( 14.51%), duplexes, homes converted to apartments or other small apartment buildings ( 1.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Corryton. Owner-occupied housing accounts for 86.75% of Corryton's homes, and 76.58% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Corryton 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 Corryton built between 2000 and later ( 29.92%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.82%). There's also some housing in Corryton built before 1939 ( 4.64%).

Vacant housing appears to be an issue in Corryton. Fully 12.62% of the housing stock is classified as vacant. Left unchecked, vacant Corryton homes and apartments can be a drag on the real estate market, holding Corryton 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.

Corryton Home Appreciation Rates

Real estate appreciation rates in Corryton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.04% during the period.

Appreciation rates are so strong in Corryton that despite a nationwide downturn in the housing market, Corryton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Corryton appreciation rates continue to be some of the highest in America, at 5.35%, which is higher than appreciation rates in 70.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Corryton. Corryton appreciation rates in the latest quarter were at 0.94%, which equates to an annual appreciation rate of 3.82%.

Relative to Tennessee, our data show that Corryton's latest annual appreciation rate is lower than 60% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$187,446

Corryton, TN HOME PRICES

Value Range
> $1,179,000 0.0
$884,001 - $1,179,000 0.4
$589,001 - $884,000 3.0
$471,001 - $589,000 2.3
$354,001 - $471,000 6.5
$236,001 - $354,000 15.3
$118,001 - $236,000 50.6
$59,001 - $118,000 15.1
$0 - $59,000 6.8

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
45.5416058394161 28.8265306122449

Number Of Homes And Apartments:
1,443

Corryton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
48.74% 1.96%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,270 / per month

Homeownership Rate

Homeownership
Owners 86.75
Renters 13.25
Vacant 12.62

Housing Market Details

 

Age of Homes

AGE OF Corryton HOMES
2000 or Newer 29.9
1970 - 1999 43.6
1940 - 1969 21.8
1939 or Older 4.6

Types of Homes

TYPE OF Corryton HOMES
Single-Family 83.7
Townhomes 0.8
Small Apt. Buildings 1.0
Apt. Complexes 0.0
Mobile Homes 14.5
Other 0.0

Home Size

SIZE OF Corryton HOMES
No Bedroom 0.14
1 Bedroom 3.08
2 Bedrooms 18.35
3 Bedrooms 60.29
4 Bedrooms 16.28
5 or more bedrooms 1.86