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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Corryton Housing Market Information

With 11,638 people, 1,447 houses or apartments, and a median cost of homes of $167,921, 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 81.27% of the town's housing units. Other types of housing that are prevalent in Corryton include mobile homes or trailers ( 15.18%), duplexes, homes converted to apartments or other small apartment buildings ( 1.82%), and a few row houses and other attached homes ( 1.53%).

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 81.72% of Corryton's homes, and 75.37% 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 ( 28.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.83%). There's also some housing in Corryton built before 1939 ( 5.18%).

Vacant housing appears to be an issue in Corryton. Fully 11.35% 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

Corryton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Corryton during the period has been just 0.64%, which is lower than 70% of US communities.

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 5.01%, which is higher than appreciation rates in 73.35% 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 -0.08%, which equates to an annual appreciation rate of -0.31%.

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:
$167,921

Corryton, TN HOME PRICES

Value Range
> $1,141,000 0.2
$856,001 - $1,141,000 0.3
$571,001 - $856,000 2.1
$457,001 - $571,000 1.9
$343,001 - $457,000 6.4
$228,001 - $343,000 13.9
$114,001 - $228,000 48.5
$57,001 - $114,000 17.8
$0 - $57,000 8.8

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
49.6759124087591 33.6734693877551

Number Of Homes And Apartments:
1,447

Corryton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
37.10% 1.63%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,220 / per month

Homeownership Rate

Homeownership
Owners 81.72
Renters 18.28
Vacant 11.35

Housing Market Details

 

Age of Homes

AGE OF Corryton HOMES
2000 or Newer 28.5
1970 - 1999 45.4
1940 - 1969 20.8
1939 or Older 5.2

Types of Homes

TYPE OF Corryton HOMES
Single-Family 81.3
Townhomes 1.5
Small Apt. Buildings 1.8
Apt. Complexes 0.2
Mobile Homes 15.2
Other 0.0

Home Size

SIZE OF Corryton HOMES
No Bedroom 0.35
1 Bedroom 2.59
2 Bedrooms 19.91
3 Bedrooms 61.35
4 Bedrooms 14.02
5 or more bedrooms 1.78