Crossville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Crossville Neighborhoods Since 2000




Crossville, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Crossville Housing Market Information

With a population of 11,411, 4,488 total housing units (homes and apartments), and a median house value of $129,213, house prices in Crossville are solidly below the national average.

Single-family detached homes are the single most common housing type in Crossville, accounting for 57.74% of the city's housing units. Other types of housing that are prevalent in Crossville include duplexes, homes converted to apartments or other small apartment buildings ( 22.59%), large apartment complexes or high rise apartments ( 9.41%), and a few mobile homes or trailers ( 7.35%).

The most prevalent building size and type in Crossville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.96% owning and 56.04% renting.

There is a lot of housing in Crossville 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 Crossville built between 2000 and later ( 25.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.45%). There's also some housing in Crossville built before 1939 ( 3.51%).

Vacant housing appears to be an issue in Crossville. Fully 11.62% of the housing stock is classified as vacant. Left unchecked, vacant Crossville homes and apartments can be a drag on the real estate market, holding Crossville 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.

Crossville Home Appreciation Rates

Crossville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Crossville during the period has been just -1.10%, which is lower than 70% of US communities.

Over the last year, Crossville appreciation rates have trailed the rest of the nation. In the last twelve months, Crossville's appreciation rate has been 1.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crossville were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Crossville's latest annual appreciation rate is lower than 80% of the other cities and towns in Tennessee.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Crossville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Crossville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Crossville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$129,213

Crossville, TN HOME PRICES

Value Range
> $1,027,000 0.8
$771,001 - $1,027,000 0.6
$513,001 - $771,000 3.4
$411,001 - $513,000 2.7
$308,001 - $411,000 3.7
$206,001 - $308,000 10.8
$103,001 - $206,000 41.7
$51,001 - $103,000 22.7
$0 - $51,000 13.6

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
60.3187624516583 44.3877551020408

Number Of Homes And Apartments:
4,488

Crossville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
20.19% 1.07% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$777 / per month

Homeownership Rate

Homeownership
Owners 43.96
Renters 56.04
Vacant 11.62

Housing Market Details

 

Age of Homes

AGE OF Crossville HOMES
2000 or Newer 25.1
1970 - 1999 52.9
1940 - 1969 18.5
1939 or Older 3.5

Types of Homes

TYPE OF Crossville HOMES
Single-Family 57.7
Townhomes 2.7
Small Apt. Buildings 22.6
Apt. Complexes 9.4
Mobile Homes 7.3
Other 0.3

Home Size

SIZE OF Crossville HOMES
No Bedroom 2.32
1 Bedroom 14.14
2 Bedrooms 27.08
3 Bedrooms 44.82
4 Bedrooms 8.98
5 or more bedrooms 2.66