Loudon, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Loudon Neighborhoods Since 2000




Loudon, TN Real Estate Data


Loudon Housing Market Information

With 5,731 people, 2,049 houses or apartments, and a median cost of homes of $187,219, Loudon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Loudon, accounting for 62.40% of the town's housing units. Other types of housing that are prevalent in Loudon include large apartment complexes or high rise apartments ( 20.62%), duplexes, homes converted to apartments or other small apartment buildings ( 12.68%), and a few row houses and other attached homes ( 2.23%).

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 ( 29.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.81%). There's also some housing in Loudon built before 1939 ( 11.27%).

Vacant housing appears to be an issue in Loudon. Fully 19.84% 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 7.29%, which ranks in the top 40% nationwide. This equates to an annual average Loudon house appreciation rate of 0.71%.

Over the last year, Loudon appreciation rates have trailed the rest of the nation. In the last twelve months, Loudon's appreciation rate has been 3.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Loudon were at 1.48%, which equates to an annual appreciation rate of 6.04%.

Relative to Tennessee, our data show that Loudon's latest annual appreciation rate is lower than 80% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$187,219

Loudon, TN HOME PRICES

Value Range
> $1,061,000 1.9
$796,001 - $1,061,000 1.6
$531,001 - $796,000 3.8
$425,001 - $531,000 4.0
$318,001 - $425,000 9.7
$212,001 - $318,000 15.6
$106,001 - $212,000 32.0
$54,001 - $106,000 25.5
$0 - $54,000 5.9

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
36.718978743339 15.3061224489796

Number Of Homes And Apartments:
2,049

Rent & Ownership

 

Average Market Rent:
$882 / per month

Homeownership Rate

Homeownership
Owners 53.44
Renters 46.56
Vacant 19.84

Housing Market Details

 

Age of Homes

AGE OF Loudon HOMES
2000 or Newer 15.8
1970 - 1999 43.5
1940 - 1969 29.5
1939 or Older 11.3

Types of Homes

TYPE OF Loudon HOMES
Single-Family 62.4
Townhomes 2.2
Small Apt. Buildings 12.7
Apt. Complexes 20.6
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Loudon HOMES
No Bedroom 7.12
1 Bedroom 8.69
2 Bedrooms 39.83
3 Bedrooms 35.72
4 Bedrooms 7.94
5 or more bedrooms 0.70

Loudon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
43.83% 2.16% 8 5
* 10 is highest