Hartsville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hartsville Neighborhoods Since 2000




Hartsville, 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

Hartsville Housing Market Information

With 8,042 people, 2,926 houses or apartments, and a median cost of homes of $157,955, Hartsville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hartsville, accounting for 68.17% of the city's housing units. Other types of housing that are prevalent in Hartsville include mobile homes or trailers ( 20.28%), large apartment complexes or high rise apartments ( 8.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.97%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hartsville. Owner-occupied housing accounts for 73.64% of Hartsville's homes, and 66.26% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hartsville 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 Hartsville built between 1940-1969 ( 24.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.75%). There's also some housing in Hartsville built before 1939 ( 9.67%).

Vacant housing appears to be an issue in Hartsville. Fully 13.99% of the housing stock is classified as vacant. Left unchecked, vacant Hartsville homes and apartments can be a drag on the real estate market, holding Hartsville 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.

Hartsville Home Appreciation Rates

In the last 10 years, Hartsville has experienced some of the highest home appreciation rates of any community in the nation. Hartsville real estate appreciated 41.13% over the last ten years, which is an average annual home appreciation rate of 3.51%, putting Hartsville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hartsville 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 Hartsville that despite a nationwide downturn in the housing market, Hartsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hartsville appreciation rates continue to be some of the highest in America, at 10.70%, which is higher than appreciation rates in 95.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hartsville. Hartsville appreciation rates in the latest quarter were at 2.76%, which equates to an annual appreciation rate of 11.51%.

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

Average Home Values

 

Median Home Value:
$157,955

Hartsville, TN HOME PRICES

Value Range
> $1,291,000 0.0
$968,001 - $1,291,000 0.3
$646,001 - $968,000 2.5
$516,001 - $646,000 0.1
$388,001 - $516,000 3.5
$259,001 - $388,000 11.8
$129,001 - $259,000 43.3
$64,001 - $129,000 27.9
$0 - $64,000 10.6

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
46.583850931677 26.2755102040816

Number Of Homes And Apartments:
2,926

Hartsville 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
95.34% 3.96% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$846 / per month

Homeownership Rate

Homeownership
Owners 73.64
Renters 26.36
Vacant 13.99

Housing Market Details

 

Age of Homes

AGE OF Hartsville HOMES
2000 or Newer 22.8
1970 - 1999 43.1
1940 - 1969 24.5
1939 or Older 9.7

Types of Homes

TYPE OF Hartsville HOMES
Single-Family 68.2
Townhomes 0.2
Small Apt. Buildings 3.0
Apt. Complexes 8.4
Mobile Homes 20.3
Other 0.0

Home Size

SIZE OF Hartsville HOMES
No Bedroom 0.68
1 Bedroom 4.44
2 Bedrooms 25.19
3 Bedrooms 49.74
4 Bedrooms 16.52
5 or more bedrooms 3.44

Popular Neighborhoods in Hartsville

Zip Codes in Hartsville, TN