Kingsport, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Kingsport Neighborhoods Since 2000




Kingsport, 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

Kingsport Housing Market Information

With 53,014 people, 23,615 houses or apartments, and a median cost of homes of $128,948, house prices in Kingsport are solidly below the national average.

Single-family detached homes are the single most common housing type in Kingsport, accounting for 64.63% of the city's housing units. Other types of housing that are prevalent in Kingsport include large apartment complexes or high rise apartments ( 20.91%), duplexes, homes converted to apartments or other small apartment buildings ( 6.34%), and a few row houses and other attached homes ( 4.63%).

The most prevalent building size and type in Kingsport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.97% owning and 38.03% renting.

There is a lot of housing in Kingsport 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 Kingsport built between 1940-1969 ( 40.28%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.88%). There's also some housing in Kingsport built before 1939 ( 8.49%).

Vacant housing appears to be an issue in Kingsport. Fully 10.10% of the housing stock is classified as vacant. Left unchecked, vacant Kingsport homes and apartments can be a drag on the real estate market, holding Kingsport 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.

Kingsport Home Appreciation Rates

Appreciation rates for homes in Kingsport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.99%, which ranks in the top 40% nationwide. This equates to an annual average Kingsport house appreciation rate of 0.68%.

NeighborhoodScout's data show that during the latest twelve months, Kingsport's appreciation rate, at 3.30%, has been at or slightly above the national average. In the latest quarter, Kingsport's appreciation rate has been -1.22%, which annualizes to a rate of -4.81%.

Notably, Kingsport's appreciation rate in the latest quarter is one of the lowest in America.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Kingsport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kingsport - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Kingsport real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$128,948

Kingsport, TN HOME PRICES

Value Range
> $1,053,000 0.3
$790,001 - $1,053,000 0.1
$527,001 - $790,000 1.3
$421,001 - $527,000 1.7
$316,001 - $421,000 4.3
$210,001 - $316,000 12.3
$105,001 - $210,000 41.8
$52,001 - $105,000 29.1
$0 - $52,000 9.1

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
60.4828313606 44.6428571428571

Number Of Homes And Apartments:
23,615

Kingsport 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
36.09% 1.80% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$703 / per month

Homeownership Rate

Homeownership
Owners 61.97
Renters 38.03
Vacant 10.10

Housing Market Details

 

Age of Homes

AGE OF Kingsport HOMES
2000 or Newer 10.9
1970 - 1999 40.3
1940 - 1969 40.3
1939 or Older 8.5

Types of Homes

TYPE OF Kingsport HOMES
Single-Family 64.6
Townhomes 4.6
Small Apt. Buildings 6.3
Apt. Complexes 20.9
Mobile Homes 3.4
Other 0.1

Home Size

SIZE OF Kingsport HOMES
No Bedroom 2.06
1 Bedroom 8.76
2 Bedrooms 29.17
3 Bedrooms 40.43
4 Bedrooms 15.50
5 or more bedrooms 4.08