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 a population of 39,099, 14,777 total housing units (homes and apartments), and a median house value of $374,587, 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 85.98% of Germantown's homes, and 70.69% 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 ( 12.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.58%).
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 31.35%, which ranks in the top 40% nationwide. This equates to an annual average Germantown house appreciation rate of 2.76%.
Appreciation rates are so strong in Germantown that despite a nationwide downturn in the housing market, Germantown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Germantown appreciation rates continue to be some of the highest in America, at 6.04%, which is higher than appreciation rates in 85.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Germantown. Germantown appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.41%.
Importantly, this makes Germantown one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Tennessee, our data show that Germantown's latest annual appreciation rate is higher than 70% 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.
|$897,001 - $1,196,000||2.5|
|$598,001 - $897,000||12.4|
|$478,001 - $598,000||11.9|
|$359,001 - $478,000||26.3|
|$239,001 - $359,000||32.2|
|$120,001 - $239,000||8.8|
|$60,001 - $120,000||1.5|
|$0 - $60,000||1.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
2000 Q1 - 2019 Q4
|* 10 is highest|
|AGE OF Germantown HOMES|
|2000 or Newer||12.9|
|1970 - 1999||78.8|
|1940 - 1969||7.6|
|1939 or Older||0.8|
|TYPE OF Germantown HOMES|
|Small Apt. Buildings||2.3|
|SIZE OF Germantown HOMES|
|5 or more bedrooms||17.57|