Hampton, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hampton, TN Real Estate Data


Hampton Housing Market Information

With 5,588 people, 1,207 houses or apartments, and a median cost of homes of $97,551, 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 69.74% of the town's housing units. Other types of housing that are prevalent in Hampton include mobile homes or trailers ( 25.15%), duplexes, homes converted to apartments or other small apartment buildings ( 3.60%).

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 74.82% of Hampton's homes, and 52.62% 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 ( 21.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.36%). There's also some housing in Hampton built before 1939 ( 15.08%).

Vacant housing appears to be an issue in Hampton. Fully 17.74% 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 12.41%, which ranks in the top 30% nationwide. This equates to an annual average Hampton house appreciation rate of 1.18%.

NeighborhoodScout's data show that during the latest twelve months, Hampton's appreciation rate, at 5.25%, has been at or slightly above the national average. In the latest quarter, Hampton's appreciation rate has been 1.53%, which annualizes to a rate of 6.28%.

Relative to Tennessee, our data show that Hampton's latest annual appreciation rate is higher than 60% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$97,551

Hampton, TN HOME PRICES

Value Range
> $1,068,000 0.5
$800,001 - $1,068,000 0.0
$534,001 - $800,000 1.3
$427,001 - $534,000 1.0
$320,001 - $427,000 2.9
$213,001 - $320,000 7.4
$107,001 - $213,000 33.2
$53,001 - $107,000 27.5
$0 - $53,000 26.3

Low for TN
Very Low for Nation

Value Relative to Nation Value Relative to State
80.3419804415295 77.5510204081633

Number Of Homes And Apartments:
1,207

Rent & Ownership

 

Average Market Rent:
$586 / per month

Homeownership Rate

Homeownership
Owners 74.82
Renters 25.18
Vacant 17.74

Housing Market Details

 

Age of Homes

AGE OF Hampton HOMES
2000 or Newer 17.4
1970 - 1999 46.1
1940 - 1969 21.4
1939 or Older 15.1

Types of Homes

TYPE OF Hampton HOMES
Single-Family 69.7
Townhomes 0.5
Small Apt. Buildings 3.6
Apt. Complexes 0.7
Mobile Homes 25.2
Other 0.3

Home Size

SIZE OF Hampton HOMES
No Bedroom 1.95
1 Bedroom 5.43
2 Bedrooms 38.99
3 Bedrooms 43.09
4 Bedrooms 9.53
5 or more bedrooms 1.00

Hampton 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
46.91% 2.29% 8 6
* 10 is highest