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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 397, 158 total housing units (homes and apartments), and a median house value of $558,438, Cottontown house prices are not only among the most expensive in Tennessee, Cottontown real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Cottontown, accounting for 94.05% of the town's housing units. Other types of housing that are prevalent in Cottontown include mobile homes or trailers ( 5.95%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cottontown. Owner-occupied housing accounts for 73.42% of Cottontown's homes, and 85.71% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Cottontown 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 Cottontown built between 1940-1969 ( 32.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 29.17%). There's also some housing in Cottontown built before 1939 ( 2.98%).
In the last 10 years, Cottontown has experienced some of the highest home appreciation rates of any community in the nation. Cottontown real estate appreciated 133.85% over the last ten years, which is an average annual home appreciation rate of 8.87%, putting Cottontown in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cottontown definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Cottontown appreciation rates have trailed the rest of the nation. In the last twelve months, Cottontown's appreciation rate has been 4.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cottontown were at 2.25%, which equates to an annual appreciation rate of 9.30%.
Relative to Tennessee, our data show that Cottontown's latest annual appreciation rate is lower than 90% of the other cities and towns in Tennessee.
$558,438
for Tennessee
for nation
158
$1,518 / per month