Hampton, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Hampton Neighborhoods Since 2000




Hampton, 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

Hampton Housing Market Information

With 5,588 people, 1,248 houses or apartments, and a median cost of homes of $113,284, house prices in Hampton are solidly below the national average.

Single-family detached homes are the single most common housing type in Hampton, accounting for 72.28% of the town's housing units. Other types of housing that are prevalent in Hampton include mobile homes or trailers ( 25.18%), duplexes, homes converted to apartments or other small apartment buildings ( 1.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hampton. Owner-occupied housing accounts for 77.92% of Hampton's homes, and 55.93% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hampton 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 Hampton built between 1940-1969 ( 25.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.45%). There's also some housing in Hampton built before 1939 ( 13.49%).

Vacant housing appears to be an issue in Hampton. Fully 16.62% of the housing stock is classified as vacant. Left unchecked, vacant Hampton homes and apartments can be a drag on the real estate market, holding Hampton 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.

Hampton Home Appreciation Rates

Appreciation rates for homes in Hampton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.49%, which ranks in the top 30% nationwide. This equates to an annual average Hampton house appreciation rate of 1.00%.

NeighborhoodScout's data show that during the latest twelve months, Hampton's appreciation rate, at 3.47%, has been at or slightly above the national average. In the latest quarter, Hampton's appreciation rate has been -0.93%, which annualizes to a rate of -3.69%.

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

Relative to Tennessee, our data show that Hampton's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$113,284

Hampton, TN HOME PRICES

Value Range
> $1,059,000 0.6
$794,001 - $1,059,000 0.0
$529,001 - $794,000 2.6
$423,001 - $529,000 1.0
$317,001 - $423,000 1.6
$211,001 - $317,000 9.6
$106,001 - $211,000 31.4
$53,001 - $106,000 25.4
$0 - $53,000 27.8

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
69.3952888784718 59.6938775510204

Number Of Homes And Apartments:
1,248

Hampton 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
47.84% 2.29% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$595 / per month

Homeownership Rate

Homeownership
Owners 77.92
Renters 22.08
Vacant 16.62

Housing Market Details

 

Age of Homes

AGE OF Hampton HOMES
2000 or Newer 19.5
1970 - 1999 41.9
1940 - 1969 25.2
1939 or Older 13.5

Types of Homes

TYPE OF Hampton HOMES
Single-Family 72.3
Townhomes 0.5
Small Apt. Buildings 1.8
Apt. Complexes 0.0
Mobile Homes 25.2
Other 0.3

Home Size

SIZE OF Hampton HOMES
No Bedroom 1.77
1 Bedroom 2.97
2 Bedrooms 37.58
3 Bedrooms 46.06
4 Bedrooms 9.87
5 or more bedrooms 1.75