Munford, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Munford, TN Real Estate Data


Munford Housing Market Information

With 6,108 people, 2,061 houses or apartments, and a median cost of homes of $174,808, 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 84.59% of the city's housing units. Other types of housing that are prevalent in Munford include large apartment complexes or high rise apartments ( 8.39%), mobile homes or trailers ( 3.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.30%).

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 59.24% owning and 40.76% 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 ( 36.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.03%). There's also some housing in Munford built before 1939 ( 2.39%).

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.

NeighborhoodScout's data show that during the latest twelve months, Munford's appreciation rate, at 5.16%, has been at or slightly above the national average. In the latest quarter, Munford's appreciation rate has been 1.31%, which annualizes to a rate of 5.35%.

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

Average Home Values

 

Median Home Value:
$174,808

Munford, TN HOME PRICES

Value Range
> $1,103,000 0.4
$828,001 - $1,103,000 0.6
$552,001 - $828,000 0.9
$442,001 - $552,000 0.3
$331,001 - $442,000 6.0
$221,001 - $331,000 18.9
$111,001 - $221,000 52.4
$55,001 - $111,000 12.1
$0 - $55,000 8.3

Very High for TN
Average for Nation

Value Relative to Nation Value Relative to State
41.0610763014581 19.3877551020408

Number Of Homes And Apartments:
2,061

Rent & Ownership

 

Average Market Rent:
$1,087 / per month

Homeownership Rate

Homeownership
Owners 59.24
Renters 40.76
Vacant 5.46

Housing Market Details

 

Age of Homes

AGE OF Munford HOMES
2000 or Newer 36.3
1970 - 1999 48.3
1940 - 1969 13.0
1939 or Older 2.4

Types of Homes

TYPE OF Munford HOMES
Single-Family 84.6
Townhomes 0.0
Small Apt. Buildings 3.3
Apt. Complexes 8.4
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Munford HOMES
No Bedroom 1.88
1 Bedroom 0.00
2 Bedrooms 16.88
3 Bedrooms 59.40
4 Bedrooms 17.75
5 or more bedrooms 4.08

Munford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
20.60% 1.11% 2 2
* 10 is highest

Popular Neighborhoods in Munford

Zip Codes in Munford, TN