Hohenwald, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hohenwald, 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

Hohenwald Housing Market Information

With 3,667 people, 1,481 houses or apartments, and a median cost of homes of $98,865, house prices in Hohenwald are solidly below the national average.

Single-family detached homes are the single most common housing type in Hohenwald, accounting for 78.14% of the city's housing units. Other types of housing that are prevalent in Hohenwald include duplexes, homes converted to apartments or other small apartment buildings ( 13.11%), mobile homes or trailers ( 8.74%).

The most prevalent building size and type in Hohenwald are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.37% owning and 37.63% renting.

There is a lot of housing in Hohenwald 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 Hohenwald built between 1940-1969 ( 37.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.81%). There's also some housing in Hohenwald built before 1939 ( 4.97%).

Vacant housing appears to be an issue in Hohenwald. Fully 11.32% of the housing stock is classified as vacant. Left unchecked, vacant Hohenwald homes and apartments can be a drag on the real estate market, holding Hohenwald 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.

Hohenwald Home Appreciation Rates

Appreciation rates for homes in Hohenwald have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.29%, which ranks in the top 40% nationwide. This equates to an annual average Hohenwald house appreciation rate of 0.61%.

NeighborhoodScout's data show that during the latest twelve months, Hohenwald's appreciation rate, at 3.55%, has been at or slightly above the national average. In the latest quarter, Hohenwald's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$98,865

Hohenwald, TN HOME PRICES

Value Range
> $1,087,000 0.6
$815,001 - $1,087,000 0.0
$544,001 - $815,000 0.0
$435,001 - $544,000 0.5
$326,001 - $435,000 2.0
$218,001 - $326,000 6.8
$109,001 - $218,000 30.2
$54,001 - $109,000 42.3
$0 - $54,000 17.5

Low for TN
Low for Nation

Value Relative to Nation Value Relative to State
78.3077463963436 74.7448979591837

Number Of Homes And Apartments:
1,481

Hohenwald 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
31.03% 1.58% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$630 / per month

Homeownership Rate

Homeownership
Owners 62.37
Renters 37.63
Vacant 11.32

Housing Market Details

 

Age of Homes

AGE OF Hohenwald HOMES
2000 or Newer 5.8
1970 - 1999 51.9
1940 - 1969 37.3
1939 or Older 5.0

Types of Homes

TYPE OF Hohenwald HOMES
Single-Family 78.1
Townhomes 0.0
Small Apt. Buildings 13.1
Apt. Complexes 0.0
Mobile Homes 8.7
Other 0.0

Home Size

SIZE OF Hohenwald HOMES
No Bedroom 0.00
1 Bedroom 10.66
2 Bedrooms 33.95
3 Bedrooms 39.88
4 Bedrooms 11.68
5 or more bedrooms 3.83

Popular Neighborhoods in Hohenwald

Zip Codes in Hohenwald, TN