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
With a population of 381, 158 total housing units (homes and apartments), and a median house value of $214,464, Cottontown real estate is some of the most expensive in Tennessee, although Cottontown home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Cottontown, accounting for 85.15% of the town's housing units. Other types of housing that are prevalent in Cottontown include mobile homes or trailers ( 14.85%).
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 95.57% of Cottontown's homes, and 54.46% 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 before 1939 ( 20.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.89%). There's also some housing in Cottontown built between 2000 and later ( 10.89%).
Vacant housing appears to be an issue in Cottontown. Fully 21.78% of the housing stock is classified as vacant. Left unchecked, vacant Cottontown homes and apartments can be a drag on the real estate market, holding Cottontown 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.
Appreciation rates for homes in Cottontown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.40%, which ranks in the top 30% nationwide. This equates to an annual average Cottontown house appreciation rate of 1.18%.
Appreciation rates are so strong in Cottontown that despite a nationwide downturn in the housing market, Cottontown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cottontown appreciation rates continue to be some of the highest in America, at 7.34%, which is higher than appreciation rates in 83.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cottontown. Cottontown appreciation rates in the latest quarter were at 2.76%, which equates to an annual appreciation rate of 11.51%.
Importantly, this makes Cottontown 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 Cottontown's latest annual appreciation rate is higher than 80% of the other cities and towns in Tennessee.
|$903,001 - $1,204,000||0.8|
|$602,001 - $903,000||2.5|
|$482,001 - $602,000||2.6|
|$361,001 - $482,000||8.1|
|$241,001 - $361,000||30.5|
|$120,001 - $241,000||41.0|
|$60,001 - $120,000||10.7|
|$0 - $60,000||2.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Cottontown HOMES|
|2000 or Newer||10.9|
|1970 - 1999||57.9|
|1940 - 1969||10.9|
|1939 or Older||20.3|
|TYPE OF Cottontown HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Cottontown HOMES|
|5 or more bedrooms||14.36|