Mount Pleasant, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mount Pleasant Neighborhoods Since 2000




Mount Pleasant, 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 Pleasant Housing Market Information

With a population of 4,790, 1,884 total housing units (homes and apartments), and a median house value of $105,212, house prices in Mount Pleasant are solidly below the national average.

Single-family detached homes are the single most common housing type in Mount Pleasant, accounting for 69.76% of the city's housing units. Other types of housing that are prevalent in Mount Pleasant include duplexes, homes converted to apartments or other small apartment buildings ( 13.23%), mobile homes or trailers ( 7.82%), and a few large apartment complexes or high rise apartments ( 7.55%).

The most prevalent building size and type in Mount Pleasant are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.65% owning and 37.35% renting.

There is a lot of housing in Mount Pleasant 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 Mount Pleasant built between 1940-1969 ( 36.33%). A lesser amount of the housing stock also hails from before 1939 ( 10.50%). There's also some housing in Mount Pleasant built between 2000 and later ( 7.91%).

Vacant housing appears to be an issue in Mount Pleasant. Fully 14.32% of the housing stock is classified as vacant. Left unchecked, vacant Mount Pleasant homes and apartments can be a drag on the real estate market, holding Mount Pleasant 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.

Mount Pleasant Home Appreciation Rates

Appreciation rates for homes in Mount Pleasant have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.24%, which ranks in the top 50% nationwide. This equates to an annual average Mount Pleasant house appreciation rate of 0.42%.

NeighborhoodScout's data show that during the latest twelve months, Mount Pleasant's appreciation rate, at 5.25%, has been at or slightly above the national average. In the latest quarter, Mount Pleasant's appreciation rate has been 2.76%, which annualizes to a rate of 11.51%.

Importantly, this makes Mount Pleasant 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 Pleasant's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$105,212

Mount Pleasant, TN HOME PRICES

Value Range
> $1,111,000 0.0
$833,001 - $1,111,000 1.1
$555,001 - $833,000 0.1
$444,001 - $555,000 0.1
$333,001 - $444,000 0.4
$222,001 - $333,000 8.5
$111,001 - $222,000 30.9
$55,001 - $111,000 43.0
$0 - $55,000 16.0

Low for TN
Low for Nation

Value Relative to Nation Value Relative to State
74.1943044650182 67.0918367346939

Number Of Homes And Apartments:
1,884

Mount Pleasant 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
18.90% 1.01% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$684 / per month

Homeownership Rate

Homeownership
Owners 62.65
Renters 37.35
Vacant 14.32

Housing Market Details

 

Age of Homes

AGE OF Mount Pleasant HOMES
2000 or Newer 7.9
1970 - 1999 45.2
1940 - 1969 36.3
1939 or Older 10.5

Types of Homes

TYPE OF Mount Pleasant HOMES
Single-Family 69.8
Townhomes 1.6
Small Apt. Buildings 13.2
Apt. Complexes 7.5
Mobile Homes 7.8
Other 0.0

Home Size

SIZE OF Mount Pleasant HOMES
No Bedroom 1.46
1 Bedroom 5.00
2 Bedrooms 31.06
3 Bedrooms 54.39
4 Bedrooms 5.00
5 or more bedrooms 3.09

Popular Neighborhoods in Mount Pleasant

Popular Communities Near Mount Pleasant, TN

Zip Codes in Mount Pleasant, TN