Dandridge, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Dandridge Neighborhoods Since 2000




Dandridge, 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

Dandridge Housing Market Information

With a population of 2,924, 887 total housing units (homes and apartments), and a median house value of $158,121, Dandridge 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 Dandridge, accounting for 77.34% of the town's housing units. Other types of housing that are prevalent in Dandridge include large apartment complexes or high rise apartments ( 7.53%), duplexes, homes converted to apartments or other small apartment buildings ( 6.57%), and a few mobile homes or trailers ( 6.06%).

The most prevalent building size and type in Dandridge are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.00% owning and 41.00% renting.

There is a lot of housing in Dandridge 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 Dandridge built between 2000 and later ( 30.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.48%). There's also some housing in Dandridge built before 1939 ( 9.69%).

Vacant housing appears to be an issue in Dandridge. Fully 23.27% of the housing stock is classified as vacant. Left unchecked, vacant Dandridge homes and apartments can be a drag on the real estate market, holding Dandridge 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.

Dandridge Home Appreciation Rates

Dandridge's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dandridge during the period has been just -0.84%, which is lower than 70% of US communities.

Over the last year, Dandridge appreciation rates have trailed the rest of the nation. In the last twelve months, Dandridge's appreciation rate has been 0.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dandridge were at -1.75%, which equates to an annual appreciation rate of -6.82%.

Notably, Dandridge's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$158,121

Dandridge, TN HOME PRICES

Value Range
> $1,045,000 0.8
$784,001 - $1,045,000 0.0
$522,001 - $784,000 3.7
$418,001 - $522,000 3.5
$313,001 - $418,000 8.3
$209,001 - $313,000 17.9
$105,001 - $209,000 35.1
$52,001 - $105,000 17.6
$0 - $52,000 13.0

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
46.53111449666 25.5102040816327

Number Of Homes And Apartments:
887

Dandridge 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
28.46% 1.46% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$785 / per month

Homeownership Rate

Homeownership
Owners 59.00
Renters 41.00
Vacant 23.27

Housing Market Details

 

Age of Homes

AGE OF Dandridge HOMES
2000 or Newer 30.2
1970 - 1999 35.6
1940 - 1969 24.5
1939 or Older 9.7

Types of Homes

TYPE OF Dandridge HOMES
Single-Family 77.3
Townhomes 2.5
Small Apt. Buildings 6.6
Apt. Complexes 7.5
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Dandridge HOMES
No Bedroom 0.00
1 Bedroom 5.62
2 Bedrooms 22.58
3 Bedrooms 47.49
4 Bedrooms 20.24
5 or more bedrooms 4.07