Lawrenceburg, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lawrenceburg Neighborhoods Since 2000




Lawrenceburg, 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

Lawrenceburg Housing Market Information

With 10,569 people, 4,440 houses or apartments, and a median cost of homes of $115,253, house prices in Lawrenceburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Lawrenceburg, accounting for 63.99% of the city's housing units. Other types of housing that are prevalent in Lawrenceburg include large apartment complexes or high rise apartments ( 13.62%), duplexes, homes converted to apartments or other small apartment buildings ( 9.50%), and a few row houses and other attached homes ( 7.19%).

The most prevalent building size and type in Lawrenceburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.68% owning and 45.32% renting.

There is a lot of housing in Lawrenceburg 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 Lawrenceburg built between 1940-1969 ( 32.95%). A lesser amount of the housing stock also hails from before 1939 ( 9.20%). There's also some housing in Lawrenceburg built between 2000 and later ( 6.52%).

Vacant housing appears to be an issue in Lawrenceburg. Fully 12.50% of the housing stock is classified as vacant. Left unchecked, vacant Lawrenceburg homes and apartments can be a drag on the real estate market, holding Lawrenceburg 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.

Lawrenceburg Home Appreciation Rates

Appreciation rates for homes in Lawrenceburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.20%, which ranks in the top 40% nationwide. This equates to an annual average Lawrenceburg house appreciation rate of 0.70%.

NeighborhoodScout's data show that during the latest twelve months, Lawrenceburg's appreciation rate, at 4.71%, has been at or slightly above the national average. In the latest quarter, Lawrenceburg's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Tennessee, our data show that Lawrenceburg's latest annual appreciation rate is higher than 60% 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 Lawrenceburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lawrenceburg - 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 Lawrenceburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$115,253

Lawrenceburg, TN HOME PRICES

Value Range
> $1,092,000 0.0
$819,001 - $1,092,000 0.4
$546,001 - $819,000 0.6
$437,001 - $546,000 0.9
$328,001 - $437,000 3.7
$218,001 - $328,000 6.6
$109,001 - $218,000 33.0
$55,001 - $109,000 40.4
$0 - $55,000 14.4

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
68.1354740419548 56.8877551020408

Number Of Homes And Apartments:
4,440

Lawrenceburg 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
23.49% 1.23% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$751 / per month

Homeownership Rate

Homeownership
Owners 54.68
Renters 45.32
Vacant 12.50

Housing Market Details

 

Age of Homes

AGE OF Lawrenceburg HOMES
2000 or Newer 6.5
1970 - 1999 51.3
1940 - 1969 33.0
1939 or Older 9.2

Types of Homes

TYPE OF Lawrenceburg HOMES
Single-Family 64.0
Townhomes 7.2
Small Apt. Buildings 9.5
Apt. Complexes 13.6
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Lawrenceburg HOMES
No Bedroom 2.33
1 Bedroom 13.11
2 Bedrooms 32.89
3 Bedrooms 40.26
4 Bedrooms 8.18
5 or more bedrooms 3.23