Goodlettsville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Goodlettsville Neighborhoods Since 2000




Goodlettsville, 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

Goodlettsville Housing Market Information

With a population of 16,994, 6,821 total housing units (homes and apartments), and a median house value of $211,825, 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 55.34% of the city's housing units. Other types of housing that are prevalent in Goodlettsville include large apartment complexes or high rise apartments ( 31.38%), duplexes, homes converted to apartments or other small apartment buildings ( 7.08%), and a few row houses and other attached homes ( 4.08%).

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 56.59% owning and 43.41% 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 ( 24.92%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.47%). There's also some housing in Goodlettsville built before 1939 ( 3.60%).

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 18.46% over the last ten years, which is an average annual home appreciation rate of 1.71%, 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 9.95%, which is higher than appreciation rates in 93.76% 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 2.76%, which equates to an annual appreciation rate of 11.51%.

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:
$211,825

Goodlettsville, TN HOME PRICES

Value Range
> $1,249,000 0.6
$937,001 - $1,249,000 0.3
$624,001 - $937,000 0.8
$499,001 - $624,000 2.3
$374,001 - $499,000 7.4
$250,001 - $374,000 18.0
$124,001 - $250,000 58.5
$62,001 - $124,000 8.3
$0 - $62,000 3.7

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
29.4855267783898 9.18367346938776

Number Of Homes And Apartments:
6,821

Goodlettsville 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
50.80% 2.41% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,331 / per month

Homeownership Rate

Homeownership
Owners 56.59
Renters 43.41
Vacant 8.71

Housing Market Details

 

Age of Homes

AGE OF Goodlettsville HOMES
2000 or Newer 24.9
1970 - 1999 50.0
1940 - 1969 21.5
1939 or Older 3.6

Types of Homes

TYPE OF Goodlettsville HOMES
Single-Family 55.3
Townhomes 4.1
Small Apt. Buildings 7.1
Apt. Complexes 31.4
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Goodlettsville HOMES
No Bedroom 2.05
1 Bedroom 10.32
2 Bedrooms 26.06
3 Bedrooms 44.22
4 Bedrooms 13.52
5 or more bedrooms 3.84