Madisonville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Madisonville, 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

Madisonville Housing Market Information

With a population of 4,783, 1,798 total housing units (homes and apartments), and a median house value of $147,440, 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

Real estate appreciation rates in Madisonville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.05% during the period.

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 5.98%, which is higher than appreciation rates in 73.89% 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 0.56%, which equates to an annual appreciation rate of 2.26%.

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:
$147,440

Madisonville, TN HOME PRICES

Value Range
> $1,110,000 1.3
$833,001 - $1,110,000 0.2
$555,001 - $833,000 1.9
$444,001 - $555,000 1.8
$333,001 - $444,000 4.9
$222,001 - $333,000 6.8
$111,001 - $222,000 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
51.1074651353569 30.3571428571429

Number Of Homes And Apartments:
1,798

Madisonville 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
29.73% 1.52% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$852 / 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

Popular Neighborhoods in Madisonville

Zip Codes in Madisonville, TN