Hartsville, TN Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hartsville, TN Housing Market Trends

With 11,284 people, 3,189 houses or apartments, and a median cost of homes of $216,938, Hartsville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hartsville, accounting for 78.09% of the city's housing units. Other types of housing that are prevalent in Hartsville include mobile homes or trailers ( 16.90%), large apartment complexes or high rise apartments ( 3.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.77%).

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 71.71% of Hartsville's homes, and 67.45% 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 2000 and later ( 29.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.13%). There's also some housing in Hartsville built before 1939 ( 5.46%).

Vacant housing appears to be an issue in Hartsville. Fully 11.66% 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 96.16% over the last ten years, which is an average annual home appreciation rate of 6.97%, 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.

NeighborhoodScout's data show that during the latest twelve months, Hartsville's appreciation rate, at 6.76%, has been at or slightly above the national average. In the latest quarter, Hartsville's appreciation rate has been 1.50%, which annualizes to a rate of 6.13%.

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

Average Home Values

 

Median Home Value:
$216,938

Hartsville, TN HOME PRICES

> $1,268,000
0.5%
0.5%
$951,001 - $1,268,000
0.2%
0.2%
$634,001 - $951,000
3.0%
3.0%
$507,001 - $634,000
5.7%
5.7%
$380,001 - $507,000
3.9%
3.9%
$254,001 - $380,000
16.6%
16.6%
$127,001 - $254,000
39.0%
39.0%
$63,001 - $127,000
26.3%
26.3%
$0 - $63,000
4.8%
4.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for TN

Value Relative To Nation

Number Of Homes And Apartments:
3,189

Hartsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
146.20% 4.33%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,450 / per month

Homeownership Rate

Owners
71.7%
71.7%
Renters
28.3%
28.3%
Vacant
11.7%
11.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
29.5%
29.5%
1970 - 1999
42.9%
42.9%
1940 - 1969
22.1%
22.1%
1939 or Older
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.1%
78.1%
Townhomes
0.1%
0.1%
Small Apt. Buildings
1.8%
1.8%
Apt. Complexes
3.2%
3.2%
Mobile Homes
16.9%
16.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
5.0%
5.0%
2 Bedrooms
24.7%
24.7%
3 Bedrooms
49.9%
49.9%
4 Bedrooms
17.5%
17.5%
5 or more bedrooms
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Hartsville

Zip Codes in Hartsville, TN