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
With 13,772 people, 5,913 houses or apartments, and a median cost of homes of $114,416, house prices in Elizabethton are solidly below the national average.
Single-family detached homes are the single most common housing type in Elizabethton, accounting for 67.24% of the city's housing units. Other types of housing that are prevalent in Elizabethton include large apartment complexes or high rise apartments ( 16.38%), duplexes, homes converted to apartments or other small apartment buildings ( 8.37%), and a few mobile homes or trailers ( 5.05%).
The most prevalent building size and type in Elizabethton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.91% owning and 44.09% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Elizabethton's housing was primarily built during this period, from the '40s through the '60s. A full 45.12% of the city's housing hails from this era. Other housing ages represented in Elizabethton include homes built between 1970-1999 ( 34.61%) and housing constructed before 1939 ( 14.81%). There's also some housing in Elizabethton built between 2000 and later ( 5.46%).
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 1.35%, which ranks in the top 50% nationwide. This equates to an annual average Elizabethton house appreciation rate of 0.13%.
NeighborhoodScout's data show that during the latest twelve months, Elizabethton's appreciation rate, at 3.46%, has been at or slightly above the national average. In the latest quarter, Elizabethton's appreciation rate has been -0.93%, which annualizes to a rate of -3.69%.
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.
|$775,001 - $1,033,000||0.2|
|$516,001 - $775,000||1.2|
|$413,001 - $516,000||0.7|
|$310,001 - $413,000||5.0|
|$207,001 - $310,000||5.5|
|$103,001 - $207,000||45.5|
|$52,001 - $103,000||32.3|
|$0 - $52,000||9.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Elizabethton HOMES|
|2000 or Newer||5.5|
|1970 - 1999||34.6|
|1940 - 1969||45.1|
|1939 or Older||14.8|
|TYPE OF Elizabethton HOMES|
|Small Apt. Buildings||8.4|
|SIZE OF Elizabethton HOMES|
|5 or more bedrooms||2.55|