Loudon, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Loudon Neighborhoods Since 2000




Loudon, 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

Loudon Housing Market Information

With a population of 5,731, 2,076 total housing units (homes and apartments), and a median house value of $143,268, Loudon real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Loudon, accounting for 64.17% of the town's housing units. Other types of housing that are prevalent in Loudon include large apartment complexes or high rise apartments ( 17.56%), duplexes, homes converted to apartments or other small apartment buildings ( 13.46%), and a few mobile homes or trailers ( 2.60%).

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

There is a lot of housing in Loudon 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 Loudon built between 1940-1969 ( 28.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.86%). There's also some housing in Loudon built before 1939 ( 12.39%).

Vacant housing appears to be an issue in Loudon. Fully 18.07% of the housing stock is classified as vacant. Left unchecked, vacant Loudon homes and apartments can be a drag on the real estate market, holding Loudon 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.

Loudon Home Appreciation Rates

Appreciation rates for homes in Loudon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.67%, which ranks in the top 50% nationwide. This equates to an annual average Loudon house appreciation rate of 0.17%.

NeighborhoodScout's data show that during the latest twelve months, Loudon's appreciation rate, at 4.62%, has been at or slightly above the national average. In the latest quarter, Loudon's appreciation rate has been 0.56%, which annualizes to a rate of 2.26%.

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

Average Home Values

 

Median Home Value:
$143,268

Loudon, TN HOME PRICES

Value Range
> $1,084,000 1.7
$813,001 - $1,084,000 1.6
$542,001 - $813,000 3.7
$433,001 - $542,000 2.7
$325,001 - $433,000 10.2
$217,001 - $325,000 12.1
$108,001 - $217,000 38.5
$54,001 - $108,000 24.5
$0 - $54,000 5.0

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
53.1700457049104 33.4183673469388

Number Of Homes And Apartments:
2,076

Loudon 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
45.39% 2.19% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$758 / per month

Homeownership Rate

Homeownership
Owners 54.20
Renters 45.80
Vacant 18.07

Housing Market Details

 

Age of Homes

AGE OF Loudon HOMES
2000 or Newer 15.9
1970 - 1999 43.3
1940 - 1969 28.5
1939 or Older 12.4

Types of Homes

TYPE OF Loudon HOMES
Single-Family 64.2
Townhomes 2.2
Small Apt. Buildings 13.5
Apt. Complexes 17.6
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Loudon HOMES
No Bedroom 6.63
1 Bedroom 8.52
2 Bedrooms 36.31
3 Bedrooms 34.81
4 Bedrooms 13.18
5 or more bedrooms 0.55