Dunlap, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dunlap, 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

Dunlap Housing Market Information

With a population of 5,108, 2,006 total housing units (homes and apartments), and a median house value of $148,776, Dunlap 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 Dunlap, accounting for 68.50% of the city's housing units. Other types of housing that are prevalent in Dunlap include mobile homes or trailers ( 10.13%), large apartment complexes or high rise apartments ( 8.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.12%).

The most prevalent building size and type in Dunlap are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.23% owning and 43.77% renting.

There is a lot of housing in Dunlap 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 Dunlap built between 1940-1969 ( 22.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.80%). There's also some housing in Dunlap built before 1939 ( 6.16%).

Vacant housing appears to be an issue in Dunlap. Fully 10.49% of the housing stock is classified as vacant. Left unchecked, vacant Dunlap homes and apartments can be a drag on the real estate market, holding Dunlap 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.

Dunlap Home Appreciation Rates

Appreciation rates for homes in Dunlap have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.92%, which ranks in the top 40% nationwide. This equates to an annual average Dunlap house appreciation rate of 0.58%.

Over the last year, Dunlap appreciation rates have trailed the rest of the nation. In the last twelve months, Dunlap's appreciation rate has been 0.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dunlap were at 1.00%, which equates to an annual appreciation rate of 4.07%.

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

Average Home Values

 

Median Home Value:
$148,776

Dunlap, TN HOME PRICES

Value Range
> $1,098,000 0.0
$823,001 - $1,098,000 0.7
$548,001 - $823,000 1.7
$438,001 - $548,000 0.9
$329,001 - $438,000 7.1
$220,001 - $329,000 11.7
$110,001 - $220,000 44.6
$55,001 - $110,000 23.8
$0 - $55,000 9.4

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
50.5625219735146 29.8469387755102

Number Of Homes And Apartments:
2,006

Dunlap 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
26.34% 1.36% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$746 / per month

Homeownership Rate

Homeownership
Owners 56.23
Renters 43.77
Vacant 10.49

Housing Market Details

 

Age of Homes

AGE OF Dunlap HOMES
2000 or Newer 17.8
1970 - 1999 53.5
1940 - 1969 22.5
1939 or Older 6.2

Types of Homes

TYPE OF Dunlap HOMES
Single-Family 68.5
Townhomes 4.3
Small Apt. Buildings 8.1
Apt. Complexes 9.0
Mobile Homes 10.1
Other 0.0

Home Size

SIZE OF Dunlap HOMES
No Bedroom 4.24
1 Bedroom 7.59
2 Bedrooms 23.96
3 Bedrooms 58.50
4 Bedrooms 4.28
5 or more bedrooms 1.43

Popular Neighborhoods in Dunlap

Zip Codes in Dunlap, TN