Cosby, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Cosby Neighborhoods Since 2000




Cosby, TN Real Estate Data


Cosby Housing Market Information

With a population of 4,159, 1,637 total housing units (homes and apartments), and a median house value of $127,139, house prices in Cosby are solidly below the national average.

Single-family detached homes are the single most common housing type in Cosby, accounting for 67.68% of the town's housing units. Other types of housing that are prevalent in Cosby include mobile homes or trailers ( 29.72%), duplexes, homes converted to apartments or other small apartment buildings ( 1.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cosby. Owner-occupied housing accounts for 72.92% of Cosby's homes, and 50.27% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Cosby 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 Cosby built between 1940-1969 ( 19.89%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.63%). There's also some housing in Cosby built before 1939 ( 4.58%).

Vacant housing appears to be an issue in Cosby. Fully 32.40% of the housing stock is classified as vacant. Left unchecked, vacant Cosby homes and apartments can be a drag on the real estate market, holding Cosby 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.

Cosby Home Appreciation Rates

Cosby's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cosby during the period has been just -1.39%, which is lower than 80% of US communities.

Appreciation rates are so strong in Cosby that despite a nationwide downturn in the housing market, Cosby real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cosby appreciation rates continue to be some of the highest in America, at 8.74%, which is higher than appreciation rates in 89.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cosby. Cosby appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.31%.

Importantly, this makes Cosby one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Tennessee, our data show that Cosby's latest annual appreciation rate is higher than 90% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$127,139

Cosby, TN HOME PRICES

Value Range
> $1,099,000 0.9
$824,001 - $1,099,000 0.7
$549,001 - $824,000 0.9
$440,001 - $549,000 0.0
$330,001 - $440,000 1.6
$220,001 - $330,000 16.9
$110,001 - $220,000 35.3
$55,001 - $110,000 22.1
$0 - $55,000 21.5

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
61.1332473924763 45.9183673469388

Number Of Homes And Apartments:
1,637

Rent & Ownership

 

Average Market Rent:
$628 / per month

Homeownership Rate

Homeownership
Owners 72.92
Renters 27.08
Vacant 32.40

Housing Market Details

 

Age of Homes

AGE OF Cosby HOMES
2000 or Newer 16.6
1970 - 1999 58.9
1940 - 1969 19.9
1939 or Older 4.6

Types of Homes

TYPE OF Cosby HOMES
Single-Family 67.7
Townhomes 0.0
Small Apt. Buildings 1.3
Apt. Complexes 0.3
Mobile Homes 29.7
Other 1.0

Home Size

SIZE OF Cosby HOMES
No Bedroom 0.95
1 Bedroom 9.16
2 Bedrooms 39.29
3 Bedrooms 43.66
4 Bedrooms 6.60
5 or more bedrooms 0.33

Cosby 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
24.91% 1.30% 3 3
* 10 is highest