Dyersburg, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dyersburg Neighborhoods Since 2000




Dyersburg, 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

Dyersburg Housing Market Information

With 16,781 people, 7,034 houses or apartments, and a median cost of homes of $93,528, house prices in Dyersburg are some of the most affordable in Tennessee as well as the nation.

Single-family detached homes are the single most common housing type in Dyersburg, accounting for 71.66% of the city's housing units. Other types of housing that are prevalent in Dyersburg include large apartment complexes or high rise apartments ( 14.28%), duplexes, homes converted to apartments or other small apartment buildings ( 9.54%), and a few mobile homes or trailers ( 3.14%).

The most prevalent building size and type in Dyersburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.41% owning and 51.59% renting.

There is a lot of housing in Dyersburg 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 Dyersburg built between 1940-1969 ( 36.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.39%). There's also some housing in Dyersburg built before 1939 ( 6.05%).

Vacant housing appears to be an issue in Dyersburg. Fully 11.33% of the housing stock is classified as vacant. Left unchecked, vacant Dyersburg homes and apartments can be a drag on the real estate market, holding Dyersburg 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.

Dyersburg Home Appreciation Rates

Appreciation rates for homes in Dyersburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.90%, which ranks in the top 40% nationwide. This equates to an annual average Dyersburg house appreciation rate of 0.58%.

Appreciation rates are so strong in Dyersburg that despite a nationwide downturn in the housing market, Dyersburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dyersburg appreciation rates continue to be some of the highest in America, at 6.27%, which is higher than appreciation rates in 76.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dyersburg. Dyersburg appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Dyersburg's latest annual appreciation rate is higher than 70% 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 Dyersburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dyersburg - 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 Dyersburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$93,528

Dyersburg, TN HOME PRICES

Value Range
> $1,110,000 0.0
$833,001 - $1,110,000 0.0
$556,001 - $833,000 0.9
$444,001 - $556,000 3.2
$333,001 - $444,000 4.2
$222,001 - $333,000 6.8
$111,001 - $222,000 28.4
$55,001 - $111,000 39.4
$0 - $55,000 17.1

Very Low for TN
Very Low for Nation

Value Relative to Nation Value Relative to State
81.6389312082503 83.1632653061224

Number Of Homes And Apartments:
7,034

Dyersburg 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
22.63% 1.19% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$813 / per month

Homeownership Rate

Homeownership
Owners 48.41
Renters 51.59
Vacant 11.33

Housing Market Details

 

Age of Homes

AGE OF Dyersburg HOMES
2000 or Newer 12.4
1970 - 1999 44.7
1940 - 1969 36.9
1939 or Older 6.1

Types of Homes

TYPE OF Dyersburg HOMES
Single-Family 71.7
Townhomes 1.4
Small Apt. Buildings 9.5
Apt. Complexes 14.3
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Dyersburg HOMES
No Bedroom 1.64
1 Bedroom 8.61
2 Bedrooms 30.22
3 Bedrooms 48.80
4 Bedrooms 9.00
5 or more bedrooms 1.74