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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 6,490 people, 2,281 houses or apartments, and a median cost of homes of $97,701, house prices in Indian Mound are solidly below the national average.
Single-family detached homes are the single most common housing type in Indian Mound, accounting for 77.75% of the town's housing units. Other types of housing that are prevalent in Indian Mound include mobile homes or trailers ( 19.18%), duplexes, homes converted to apartments or other small apartment buildings ( 2.06%), and a few row houses and other attached homes ( 1.01%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Indian Mound. Owner-occupied housing accounts for 80.38% of Indian Mound's homes, and 60.11% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Indian Mound 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 Indian Mound built between 2000 and later ( 22.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.86%). There's also some housing in Indian Mound built before 1939 ( 9.66%).
Vacant housing appears to be an issue in Indian Mound. Fully 20.43% of the housing stock is classified as vacant. Left unchecked, vacant Indian Mound homes and apartments can be a drag on the real estate market, holding Indian Mound 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.
Real estate appreciation rates in Indian Mound's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.79% during the period.
Over the last year, Indian Mound appreciation rates have trailed the rest of the nation. In the last twelve months, Indian Mound's appreciation rate has been -2.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Indian Mound were at -0.54%, which equates to an annual appreciation rate of -2.13%.
Notably, Indian Mound's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Tennessee, our data show that Indian Mound's latest annual appreciation rate is lower than 90% of the other cities and towns in Tennessee.
|$729,001 - $972,000||0.2|
|$486,001 - $729,000||0.0|
|$389,001 - $486,000||0.1|
|$291,001 - $389,000||1.0|
|$195,001 - $291,000||9.4|
|$97,001 - $195,000||33.1|
|$49,001 - $97,000||39.4|
|$0 - $49,000||16.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Indian Mound HOMES|
|2000 or Newer||22.4|
|1970 - 1999||52.1|
|1940 - 1969||15.9|
|1939 or Older||9.7|
|TYPE OF Indian Mound HOMES|
|Small Apt. Buildings||2.1|
|SIZE OF Indian Mound HOMES|
|5 or more bedrooms||5.65|