Mount Juliet, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mount Juliet Neighborhoods Since 2000




Mount Juliet, 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

Mount Juliet Housing Market Information

With a population of 31,540, 10,095 total housing units (homes and apartments), and a median house value of $281,556, Mount Juliet real estate is some of the most expensive in Tennessee, although Mount Juliet home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Mount Juliet, accounting for 79.92% of the city's housing units. Other types of housing that are prevalent in Mount Juliet include large apartment complexes or high rise apartments ( 11.86%), mobile homes or trailers ( 3.73%), and a few row houses and other attached homes ( 2.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Juliet. Owner-occupied housing accounts for 78.01% of Mount Juliet's homes, and 76.08% have either three or four bedrooms, which is average sized relative to America.

Mount Juliet homes and real estate are some of the newest in America. 52.32% of Mount Juliet's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Mount Juliet real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.96%), and between 1940-1969 ( 5.14%).

Mount Juliet Home Appreciation Rates

In the last 10 years, Mount Juliet has experienced some of the highest home appreciation rates of any community in the nation. Mount Juliet real estate appreciated 20.31% over the last ten years, which is an average annual home appreciation rate of 1.87%, putting Mount Juliet in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mount Juliet definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Mount Juliet that despite a nationwide downturn in the housing market, Mount Juliet real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Juliet appreciation rates continue to be some of the highest in America, at 8.71%, which is higher than appreciation rates in 89.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Juliet. Mount Juliet appreciation rates in the latest quarter were at 2.76%, which equates to an annual appreciation rate of 11.51%.

Importantly, this makes Mount Juliet 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 Mount Juliet'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 Mount Juliet differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Juliet - 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 Mount Juliet real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$281,556

Mount Juliet, TN HOME PRICES

Value Range
> $1,244,000 0.6
$933,001 - $1,244,000 0.3
$622,001 - $933,000 1.5
$498,001 - $622,000 4.1
$373,001 - $498,000 11.9
$249,001 - $373,000 40.1
$125,001 - $249,000 36.0
$62,001 - $125,000 1.3
$0 - $62,000 4.1

Very High for TN
Very High for Nation

Value Relative to Nation Value Relative to State
18.3083323567327 5.61224489795918

Number Of Homes And Apartments:
10,095

Mount Juliet 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
52.79% 2.49% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,593 / per month

Homeownership Rate

Homeownership
Owners 78.01
Renters 21.99
Vacant 4.67

Housing Market Details

 

Age of Homes

AGE OF Mount Juliet HOMES
2000 or Newer 52.3
1970 - 1999 42.0
1940 - 1969 5.1
1939 or Older 0.6

Types of Homes

TYPE OF Mount Juliet HOMES
Single-Family 79.9
Townhomes 2.8
Small Apt. Buildings 1.7
Apt. Complexes 11.9
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Mount Juliet HOMES
No Bedroom 0.61
1 Bedroom 3.48
2 Bedrooms 16.01
3 Bedrooms 53.00
4 Bedrooms 23.08
5 or more bedrooms 3.81