Mountain City, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mountain City Neighborhoods Since 2000




Mountain City, 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

Mountain City Housing Market Information

With a population of 2,475, 1,145 total housing units (homes and apartments), and a median house value of $154,941, Mountain City 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 Mountain City, accounting for 68.20% of the town's housing units. Other types of housing that are prevalent in Mountain City include duplexes, homes converted to apartments or other small apartment buildings ( 13.18%), large apartment complexes or high rise apartments ( 11.92%), and a few mobile homes or trailers ( 6.21%).

The most prevalent building size and type in Mountain City are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 50.99% owning and 49.01% renting.

There is a lot of housing in Mountain City 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 Mountain City built between 1940-1969 ( 37.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.11%). There's also some housing in Mountain City built before 1939 ( 4.60%).

Vacant housing appears to be an issue in Mountain City. Fully 20.15% of the housing stock is classified as vacant. Left unchecked, vacant Mountain City homes and apartments can be a drag on the real estate market, holding Mountain City 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.

Mountain City Home Appreciation Rates

In the last 10 years, Mountain City has experienced some of the highest home appreciation rates of any community in the nation. Mountain City real estate appreciated 27.94% over the last ten years, which is an average annual home appreciation rate of 2.49%, putting Mountain City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mountain City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Mountain City's appreciation rate, at 4.65%, has been at or slightly above the national average. In the latest quarter, Mountain City's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Tennessee, our data show that Mountain City's latest annual appreciation rate is higher than 60% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$154,941

Mountain City, TN HOME PRICES

Value Range
> $1,127,000 0.0
$845,001 - $1,127,000 1.1
$563,001 - $845,000 0.9
$451,001 - $563,000 1.6
$338,001 - $451,000 1.0
$226,001 - $338,000 17.3
$113,001 - $226,000 45.5
$56,001 - $113,000 20.2
$0 - $56,000 12.4

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
47.9374194304465 28.3163265306122

Number Of Homes And Apartments:
1,145

Mountain City 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
64.54% 2.93% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$589 / per month

Homeownership Rate

Homeownership
Owners 50.99
Renters 49.01
Vacant 20.15

Housing Market Details

 

Age of Homes

AGE OF Mountain City HOMES
2000 or Newer 7.1
1970 - 1999 51.0
1940 - 1969 37.2
1939 or Older 4.6

Types of Homes

TYPE OF Mountain City HOMES
Single-Family 68.2
Townhomes 0.5
Small Apt. Buildings 13.2
Apt. Complexes 11.9
Mobile Homes 6.2
Other 0.0

Home Size

SIZE OF Mountain City HOMES
No Bedroom 0.35
1 Bedroom 15.76
2 Bedrooms 26.99
3 Bedrooms 41.63
4 Bedrooms 13.04
5 or more bedrooms 2.23

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Zip Codes in Mountain City, TN