Goodlettsville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Goodlettsville Neighborhoods Since 2000




Goodlettsville, TN Real Estate Data


Goodlettsville Housing Market Information

With a population of 16,994, 6,652 total housing units (homes and apartments), and a median house value of $227,813, Goodlettsville real estate is some of the most expensive in Tennessee, although Goodlettsville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Goodlettsville, accounting for 58.09% of the city's housing units. Other types of housing that are prevalent in Goodlettsville include large apartment complexes or high rise apartments ( 31.62%), duplexes, homes converted to apartments or other small apartment buildings ( 5.19%), and a few row houses and other attached homes ( 4.18%).

The most prevalent building size and type in Goodlettsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.33% owning and 42.67% renting.

There is a lot of housing in Goodlettsville 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 Goodlettsville built between 2000 and later ( 24.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.75%). There's also some housing in Goodlettsville built before 1939 ( 3.22%).

Vacant housing appears to be an issue in Goodlettsville. Fully 10.64% of the housing stock is classified as vacant. Left unchecked, vacant Goodlettsville homes and apartments can be a drag on the real estate market, holding Goodlettsville 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.

Goodlettsville Home Appreciation Rates

In the last 10 years, Goodlettsville has experienced some of the highest home appreciation rates of any community in the nation. Goodlettsville real estate appreciated 20.03% over the last ten years, which is an average annual home appreciation rate of 1.84%, putting Goodlettsville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Goodlettsville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Goodlettsville that despite a nationwide downturn in the housing market, Goodlettsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Goodlettsville appreciation rates continue to be some of the highest in America, at 8.13%, which is higher than appreciation rates in 92.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Goodlettsville. Goodlettsville appreciation rates in the latest quarter were at 3.39%, which equates to an annual appreciation rate of 14.27%.

Importantly, this makes Goodlettsville 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 Goodlettsville's latest annual appreciation rate is higher than 90% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$227,813

Goodlettsville, TN HOME PRICES

Value Range
> $1,238,000 0.8
$928,001 - $1,238,000 0.5
$619,001 - $928,000 1.4
$495,001 - $619,000 1.9
$371,001 - $495,000 8.6
$247,001 - $371,000 17.3
$124,001 - $247,000 60.2
$62,001 - $124,000 5.4
$0 - $62,000 3.9

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
27.0187972126252 8.6734693877551

Number Of Homes And Apartments:
6,652

Rent & Ownership

 

Average Market Rent:
$1,149 / per month

Homeownership Rate

Homeownership
Owners 57.33
Renters 42.67
Vacant 10.64

Housing Market Details

 

Age of Homes

AGE OF Goodlettsville HOMES
2000 or Newer 24.4
1970 - 1999 50.7
1940 - 1969 21.7
1939 or Older 3.2

Types of Homes

TYPE OF Goodlettsville HOMES
Single-Family 58.1
Townhomes 4.2
Small Apt. Buildings 5.2
Apt. Complexes 31.6
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Goodlettsville HOMES
No Bedroom 1.56
1 Bedroom 10.32
2 Bedrooms 25.52
3 Bedrooms 44.33
4 Bedrooms 13.70
5 or more bedrooms 4.57

Goodlettsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
45.60% 2.23% 8 5
* 10 is highest