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
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mount Pleasant HOMES|
|2000 or Newer||7.9|
|1970 - 1999||45.2|
|1940 - 1969||36.3|
|1939 or Older||10.5|
|TYPE OF Mount Pleasant HOMES|
|Small Apt. Buildings||13.2|
|SIZE OF Mount Pleasant HOMES|
|5 or more bedrooms||3.09|