Greenbrier, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Greenbrier Neighborhoods Since 2000




Greenbrier, 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

Greenbrier Housing Market Information

With 6,745 people, 2,533 houses or apartments, and a median cost of homes of $183,282, Greenbrier real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Greenbrier, accounting for 83.20% of the town's housing units. Other types of housing that are prevalent in Greenbrier include large apartment complexes or high rise apartments ( 9.87%), duplexes, homes converted to apartments or other small apartment buildings ( 3.84%), and a few row houses and other attached homes ( 1.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Greenbrier. Owner-occupied housing accounts for 75.96% of Greenbrier's homes, and 70.23% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Greenbrier 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 Greenbrier built between 2000 and later ( 24.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.50%). There's also some housing in Greenbrier built before 1939 ( 5.05%).

Greenbrier Home Appreciation Rates

Appreciation rates for homes in Greenbrier have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.47%, which ranks in the top 30% nationwide. This equates to an annual average Greenbrier house appreciation rate of 1.09%.

Appreciation rates are so strong in Greenbrier that despite a nationwide downturn in the housing market, Greenbrier real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greenbrier appreciation rates continue to be some of the highest in America, at 6.89%, which is higher than appreciation rates in 80.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greenbrier. Greenbrier appreciation rates in the latest quarter were at 2.76%, which equates to an annual appreciation rate of 11.51%.

Importantly, this makes Greenbrier one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Tennessee, our data show that Greenbrier's latest annual appreciation rate is higher than 80% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$183,282

Greenbrier, TN HOME PRICES

Value Range
> $1,193,000 1.1
$895,001 - $1,193,000 0.3
$597,001 - $895,000 0.9
$478,001 - $597,000 1.8
$358,001 - $478,000 7.7
$239,001 - $358,000 17.7
$119,001 - $239,000 57.5
$60,001 - $119,000 8.5
$0 - $60,000 4.6

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
36.9887495605297 15.9438775510204

Number Of Homes And Apartments:
2,533

Greenbrier 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
36.40% 1.82% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,076 / per month

Homeownership Rate

Homeownership
Owners 75.96
Renters 24.04
Vacant 4.56

Housing Market Details

 

Age of Homes

AGE OF Greenbrier HOMES
2000 or Newer 24.2
1970 - 1999 50.3
1940 - 1969 20.5
1939 or Older 5.0

Types of Homes

TYPE OF Greenbrier HOMES
Single-Family 83.2
Townhomes 1.6
Small Apt. Buildings 3.8
Apt. Complexes 9.9
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Greenbrier HOMES
No Bedroom 0.00
1 Bedroom 2.41
2 Bedrooms 23.81
3 Bedrooms 57.69
4 Bedrooms 12.55
5 or more bedrooms 3.54