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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Germantown, TN Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Germantown, TN Housing Market Trends

With 40,816 people, 15,376 houses or apartments, and a median cost of homes of $555,660, Germantown house prices are not only among the most expensive in Tennessee, Germantown real estate also is some of the most expensive in all of America.

Germantown is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Germantown than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Germantown. Owner-occupied housing accounts for 87.30% of Germantown's homes, and 69.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Germantown 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 Germantown built between 2000 and later ( 18.05%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.70%).

Germantown Home Appreciation Rates

Appreciation rates for homes in Germantown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.96%, which ranks in the top 50% nationwide. This equates to an annual average Germantown house appreciation rate of 6.29%.

Over the last year, Germantown appreciation rates have trailed the rest of the nation. In the last twelve months, Germantown's appreciation rate has been 2.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Germantown were at -1.15%, which equates to an annual appreciation rate of -4.52%.

Notably, Germantown's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Tennessee, our data show that Germantown's latest annual appreciation rate is lower than 80% 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 Germantown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Germantown - 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 Germantown real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$555,660

Germantown, TN Home Prices
> $1,296,000
$972,001 - $1,296,000
$648,001 - $972,000
$519,001 - $648,000
$389,001 - $519,000
$259,001 - $389,000
$129,001 - $259,000
$65,001 - $129,000
$0 - $65,000
3.9%
3.9%
7.1%
7.1%
20.5%
20.5%
19.2%
19.2%
30.5%
30.5%
13.4%
13.4%
3.3%
3.3%
1.1%
1.1%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for Tennessee

Very High

for nation

Number of Homes And Apartments:

15,376

Germantown Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,963 / per month

Homeownership Rate

Owners
Renters
87.3%
87.3%
12.7%
12.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.3%
4.3%
95.7%
95.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.1%
18.1%
73.7%
73.7%
7.7%
7.7%
0.5%
0.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.6%
82.6%
4.5%
4.5%
2.5%
2.5%
10.0%
10.0%
0.2%
0.2%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
4.2%
4.2%
9.4%
9.4%
22.3%
22.3%
47.6%
47.6%
16.0%
16.0%
0% 100.0%
% of Homes