Etowah, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Etowah Neighborhoods Since 2000




Etowah, 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

Etowah Housing Market Information

With 3,500 people, 1,378 houses or apartments, and a median cost of homes of $131,599, house prices in Etowah are solidly below the national average.

Single-family detached homes are the single most common housing type in Etowah, accounting for 76.96% of the city's housing units. Other types of housing that are prevalent in Etowah include duplexes, homes converted to apartments or other small apartment buildings ( 11.80%), mobile homes or trailers ( 5.38%), and a few large apartment complexes or high rise apartments ( 5.20%).

The most prevalent building size and type in Etowah are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.53% owning and 41.47% renting.

There is a lot of housing in Etowah 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 Etowah built between 1940-1969 ( 31.36%). A lesser amount of the housing stock also hails from before 1939 ( 22.98%). There's also some housing in Etowah built between 2000 and later ( 3.73%).

Vacant housing appears to be an issue in Etowah. Fully 15.77% of the housing stock is classified as vacant. Left unchecked, vacant Etowah homes and apartments can be a drag on the real estate market, holding Etowah 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.

Etowah Home Appreciation Rates

Appreciation rates for homes in Etowah have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.49%, which ranks in the top 40% nationwide. This equates to an annual average Etowah house appreciation rate of 0.54%.

NeighborhoodScout's data show that during the latest twelve months, Etowah's appreciation rate, at 5.32%, has been at or slightly above the national average. In the latest quarter, Etowah's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Tennessee, our data show that Etowah's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$131,599

Etowah, TN HOME PRICES

Value Range
> $1,099,000 0.0
$824,001 - $1,099,000 0.0
$549,001 - $824,000 0.9
$439,001 - $549,000 1.5
$329,001 - $439,000 3.4
$220,001 - $329,000 15.3
$110,001 - $220,000 34.9
$55,001 - $110,000 27.8
$0 - $55,000 16.2

Average for TN
Average for Nation

Value Relative to Nation Value Relative to State
59.0296495956873 42.6020408163265

Number Of Homes And Apartments:
1,378

Etowah 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
46.71% 2.25% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$747 / per month

Homeownership Rate

Homeownership
Owners 58.53
Renters 41.47
Vacant 15.77

Housing Market Details

 

Age of Homes

AGE OF Etowah HOMES
2000 or Newer 3.7
1970 - 1999 41.9
1940 - 1969 31.4
1939 or Older 23.0

Types of Homes

TYPE OF Etowah HOMES
Single-Family 77.0
Townhomes 0.7
Small Apt. Buildings 11.8
Apt. Complexes 5.2
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Etowah HOMES
No Bedroom 2.63
1 Bedroom 11.43
2 Bedrooms 32.40
3 Bedrooms 39.61
4 Bedrooms 12.78
5 or more bedrooms 1.16