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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,235, 2,180 total housing units (homes and apartments), and a median house value of $257,087, 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 81.11% of the city's housing units. Other types of housing that are prevalent in Loudon include large apartment complexes or high rise apartments ( 9.43%), duplexes, homes converted to apartments or other small apartment buildings ( 4.51%), and a few row houses and other attached homes ( 3.14%).
The most prevalent building size and type in Loudon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.09% owning and 36.91% renting.
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 ( 31.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.46%). There's also some housing in Loudon built before 1939 ( 11.74%).
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 101.23%, which ranks in the top 30% nationwide. This equates to an annual average Loudon house appreciation rate of 7.24%.
Appreciation rates are so strong in Loudon that despite a nationwide downturn in the housing market, Loudon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Loudon appreciation rates continue to be some of the highest in America, at 16.31%, which is higher than appreciation rates in 97.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Loudon. Loudon appreciation rates in the latest quarter were at 0.31%, which equates to an annual appreciation rate of 1.25%.
Relative to Tennessee, our data show that Loudon's latest annual appreciation rate is higher than 90% 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 Loudon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Loudon - 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 Loudon real estate investment or home purchase decisions.
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