Jellico, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Jellico Neighborhoods Since 2000




Jellico, 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

Jellico Housing Market Information

With 2,262 people, 1,054 houses or apartments, and a median cost of homes of $70,523, house prices in Jellico are some of the most affordable in Tennessee as well as the nation.

Single-family detached homes are the single most common housing type in Jellico, accounting for 55.09% of the city's housing units. Other types of housing that are prevalent in Jellico include large apartment complexes or high rise apartments ( 16.67%), mobile homes or trailers ( 15.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.09%).

People in Jellico primarily live in small (one, two or no bedroom) single-family detached homes. Jellico has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Jellico 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 Jellico built before 1939 ( 24.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.66%). There's also some housing in Jellico built between 2000 and later ( 11.40%).

Jellico Home Appreciation Rates

Appreciation rates for homes in Jellico have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.73%, which ranks in the top 50% nationwide. This equates to an annual average Jellico house appreciation rate of 0.17%.

NeighborhoodScout's data show that during the latest twelve months, Jellico's appreciation rate, at 5.22%, has been at or slightly above the national average. In the latest quarter, Jellico's appreciation rate has been 0.56%, which annualizes to a rate of 2.26%.

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

Average Home Values

 

Median Home Value:
$70,523

Jellico, TN HOME PRICES

Value Range
> $1,085,000 0.0
$814,001 - $1,085,000 0.0
$543,001 - $814,000 1.7
$434,001 - $543,000 0.0
$325,001 - $434,000 2.6
$217,001 - $325,000 6.7
$108,001 - $217,000 16.1
$54,001 - $108,000 31.3
$0 - $54,000 41.6

Very Low for TN
Very Low for Nation

Value Relative to Nation Value Relative to State
95.0544943161842 98.2142857142857

Number Of Homes And Apartments:
1,054

Jellico 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
46.83% 2.25% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$505 / per month

Homeownership Rate

Homeownership
Owners 52.59
Renters 47.41
Vacant 8.98

Housing Market Details

 

Age of Homes

AGE OF Jellico HOMES
2000 or Newer 11.4
1970 - 1999 40.0
1940 - 1969 23.7
1939 or Older 25.0

Types of Homes

TYPE OF Jellico HOMES
Single-Family 55.1
Townhomes 0.7
Small Apt. Buildings 12.1
Apt. Complexes 16.7
Mobile Homes 15.5
Other 0.0

Home Size

SIZE OF Jellico HOMES
No Bedroom 2.68
1 Bedroom 21.24
2 Bedrooms 26.08
3 Bedrooms 41.71
4 Bedrooms 7.94
5 or more bedrooms 0.35