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 about Scout's Real Estate Data
With 14,015 people, 5,500 houses or apartments, and a median cost of homes of $225,748, Elizabethton 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 Elizabethton, accounting for 66.34% of the city's housing units. Other types of housing that are prevalent in Elizabethton include large apartment complexes or high rise apartments ( 17.39%), duplexes, homes converted to apartments or other small apartment buildings ( 10.55%), and a few mobile homes or trailers ( 3.43%).
People in Elizabethton primarily live in small (one, two or no bedroom) single-family detached homes. Elizabethton has a mixture of owner-occupied and renter-occupied housing.
Vacant housing appears to be an issue in Elizabethton. Fully 11.38% of the housing stock is classified as vacant. Left unchecked, vacant Elizabethton homes and apartments can be a drag on the real estate market, holding Elizabethton 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 Elizabethton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 78.21%, which ranks in the top 50% nationwide. This equates to an annual average Elizabethton house appreciation rate of 5.95%.
Appreciation rates are so strong in Elizabethton that despite a nationwide downturn in the housing market, Elizabethton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Elizabethton appreciation rates continue to be some of the highest in America, at 9.73%, which is higher than appreciation rates in 71.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Elizabethton. Elizabethton appreciation rates in the latest quarter were at -3.79%, which equates to an annual appreciation rate of -14.33%.
Notably, Elizabethton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Tennessee, our data show that Elizabethton's latest annual appreciation rate is lower than 50% 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 Elizabethton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Elizabethton - 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 Elizabethton real estate investment or home purchase decisions.
$1,220 / per month