Gainesboro, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Gainesboro Neighborhoods Since 2000




Gainesboro, 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

Gainesboro Housing Market Information

With a population of 955, 326 total housing units (homes and apartments), and a median house value of $113,495, house prices in Gainesboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Gainesboro, accounting for 66.08% of the town's housing units. Other types of housing that are prevalent in Gainesboro include duplexes, homes converted to apartments or other small apartment buildings ( 16.74%), large apartment complexes or high rise apartments ( 14.76%), and a few mobile homes or trailers ( 1.98%).

People in Gainesboro primarily live in small (one, two or no bedroom) single-family detached homes. Gainesboro has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Gainesboro 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 Gainesboro built between 1940-1969 ( 42.73%). A lesser amount of the housing stock also hails from before 1939 ( 11.67%).

Vacant housing appears to be an issue in Gainesboro. Fully 28.19% of the housing stock is classified as vacant. Left unchecked, vacant Gainesboro homes and apartments can be a drag on the real estate market, holding Gainesboro 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.

Gainesboro Home Appreciation Rates

Real estate appreciation rates in Gainesboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.36% during the period.

Over the last year, Gainesboro appreciation rates have trailed the rest of the nation. In the last twelve months, Gainesboro's appreciation rate has been 0.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gainesboro were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Gainesboro's latest annual appreciation rate is lower than 90% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$113,495

Gainesboro, TN HOME PRICES

Value Range
> $1,032,000 0.0
$774,001 - $1,032,000 0.0
$516,001 - $774,000 0.5
$413,001 - $516,000 1.1
$310,001 - $413,000 4.7
$207,001 - $310,000 12.0
$103,001 - $207,000 32.8
$51,001 - $103,000 32.3
$0 - $51,000 16.7

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
69.2605179889839 59.4387755102041

Number Of Homes And Apartments:
326

Gainesboro 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
25.51% 1.33% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$616 / per month

Homeownership Rate

Homeownership
Owners 47.56
Renters 52.44
Vacant 28.19

Housing Market Details

 

Age of Homes

AGE OF Gainesboro HOMES
2000 or Newer 0.4
1970 - 1999 45.2
1940 - 1969 42.7
1939 or Older 11.7

Types of Homes

TYPE OF Gainesboro HOMES
Single-Family 66.1
Townhomes 0.4
Small Apt. Buildings 16.7
Apt. Complexes 14.8
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Gainesboro HOMES
No Bedroom 1.98
1 Bedroom 7.93
2 Bedrooms 43.83
3 Bedrooms 33.26
4 Bedrooms 10.13
5 or more bedrooms 2.86