Madisonville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Madisonville, TN Real Estate Data


Madisonville Housing Market Information

With 4,783 people, 1,798 houses or apartments, and a median cost of homes of $146,855, Madisonville 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 Madisonville, accounting for 63.26% of the city's housing units. Other types of housing that are prevalent in Madisonville include large apartment complexes or high rise apartments ( 14.59%), duplexes, homes converted to apartments or other small apartment buildings ( 11.65%), and a few mobile homes or trailers ( 10.50%).

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

There is a lot of housing in Madisonville 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 Madisonville built between 1940-1969 ( 21.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.82%). There's also some housing in Madisonville built before 1939 ( 4.56%).

Vacant housing appears to be an issue in Madisonville. Fully 17.22% of the housing stock is classified as vacant. Left unchecked, vacant Madisonville homes and apartments can be a drag on the real estate market, holding Madisonville 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.

Madisonville Home Appreciation Rates

Appreciation rates for homes in Madisonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.88%, which ranks in the top 50% nationwide. This equates to an annual average Madisonville house appreciation rate of 0.09%.

Appreciation rates are so strong in Madisonville that despite a nationwide downturn in the housing market, Madisonville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Madisonville appreciation rates continue to be some of the highest in America, at 6.17%, which is higher than appreciation rates in 74.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Madisonville. Madisonville appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.44%.

Importantly, this makes Madisonville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Tennessee, our data show that Madisonville's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$146,855

Madisonville, TN HOME PRICES

Value Range
> $1,106,000 0.7
$829,001 - $1,106,000 0.2
$553,001 - $829,000 1.9
$442,001 - $553,000 1.8
$332,001 - $442,000 4.9
$221,001 - $332,000 6.8
$111,001 - $221,000 41.2
$55,001 - $111,000 27.6
$0 - $55,000 14.3

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
50.9902730575413 30.8673469387755

Number Of Homes And Apartments:
1,798

Rent & Ownership

 

Average Market Rent:
$811 / per month

Homeownership Rate

Homeownership
Owners 50.73
Renters 49.27
Vacant 17.22

Housing Market Details

 

Age of Homes

AGE OF Madisonville HOMES
2000 or Newer 17.8
1970 - 1999 56.4
1940 - 1969 21.3
1939 or Older 4.6

Types of Homes

TYPE OF Madisonville HOMES
Single-Family 63.3
Townhomes 0.0
Small Apt. Buildings 11.6
Apt. Complexes 14.6
Mobile Homes 10.5
Other 0.0

Home Size

SIZE OF Madisonville HOMES
No Bedroom 5.57
1 Bedroom 2.53
2 Bedrooms 40.98
3 Bedrooms 41.07
4 Bedrooms 6.77
5 or more bedrooms 3.08

Madisonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
29.06% 1.49% 4 3
* 10 is highest

Popular Neighborhoods in Madisonville

Zip Codes in Madisonville, TN