Munford, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Munford, 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

Munford Housing Market Information

With 6,108 people, 1,954 houses or apartments, and a median cost of homes of $147,140, Munford 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 Munford, accounting for 81.79% of the city's housing units. Other types of housing that are prevalent in Munford include duplexes, homes converted to apartments or other small apartment buildings ( 7.68%), large apartment complexes or high rise apartments ( 7.59%), and a few mobile homes or trailers ( 2.94%).

The most prevalent building size and type in Munford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.44% owning and 39.56% renting.

There is a lot of housing in Munford 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 Munford built between 2000 and later ( 34.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.57%). There's also some housing in Munford built before 1939 ( 2.42%).

Munford Home Appreciation Rates

Real estate appreciation rates in Munford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.18% during the period.

Over the last year, Munford appreciation rates have trailed the rest of the nation. In the last twelve months, Munford's appreciation rate has been 2.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Munford were at 0.35%, which equates to an annual appreciation rate of 1.41%.

Relative to Tennessee, our data show that Munford's latest annual appreciation rate is lower than 70% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$147,140

Munford, TN HOME PRICES

Value Range
> $1,060,000 0.5
$795,001 - $1,060,000 0.7
$530,001 - $795,000 1.0
$424,001 - $530,000 0.3
$318,001 - $424,000 3.4
$212,001 - $318,000 19.8
$106,001 - $212,000 53.5
$53,001 - $106,000 13.1
$0 - $53,000 7.8

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
51.2246572131724 30.6122448979592

Number Of Homes And Apartments:
1,954

Munford 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
19.73% 1.05% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$935 / per month

Homeownership Rate

Homeownership
Owners 60.44
Renters 39.56
Vacant 7.35

Housing Market Details

 

Age of Homes

AGE OF Munford HOMES
2000 or Newer 34.4
1970 - 1999 52.6
1940 - 1969 10.6
1939 or Older 2.4

Types of Homes

TYPE OF Munford HOMES
Single-Family 81.8
Townhomes 0.0
Small Apt. Buildings 7.7
Apt. Complexes 7.6
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Munford HOMES
No Bedroom 1.14
1 Bedroom 0.00
2 Bedrooms 20.58
3 Bedrooms 59.32
4 Bedrooms 15.98
5 or more bedrooms 2.99

Popular Neighborhoods in Munford

Zip Codes in Munford, TN