New Tazewell, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating New Tazewell Neighborhoods Since 2000




New Tazewell, 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

New Tazewell Housing Market Information

With a population of 2,957, 1,438 total housing units (homes and apartments), and a median house value of $125,915, house prices in New Tazewell are solidly below the national average.

Single-family detached homes are the single most common housing type in New Tazewell, accounting for 50.76% of the town's housing units. Other types of housing that are prevalent in New Tazewell include duplexes, homes converted to apartments or other small apartment buildings ( 16.14%), mobile homes or trailers ( 15.82%), and a few large apartment complexes or high rise apartments ( 13.09%).

People in New Tazewell primarily live in small (one, two or no bedroom) single-family detached homes. New Tazewell has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in New Tazewell 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 New Tazewell built between 1940-1969 ( 30.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.07%). There's also some housing in New Tazewell built before 1939 ( 6.80%).

New Tazewell Home Appreciation Rates

Appreciation rates for homes in New Tazewell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.16%, which ranks in the top 30% nationwide. This equates to an annual average New Tazewell house appreciation rate of 1.06%.

NeighborhoodScout's data show that during the latest twelve months, New Tazewell's appreciation rate, at 3.43%, has been at or slightly above the national average. In the latest quarter, New Tazewell's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Tennessee, our data show that New Tazewell's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$125,915

New Tazewell, TN HOME PRICES

Value Range
> $1,098,000 0.0
$824,001 - $1,098,000 0.5
$549,001 - $824,000 0.9
$440,001 - $549,000 0.9
$329,001 - $440,000 1.1
$220,001 - $329,000 6.3
$110,001 - $220,000 41.6
$55,001 - $110,000 33.0
$0 - $55,000 15.8

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
62.0356263916559 47.4489795918367

Number Of Homes And Apartments:
1,438

New Tazewell 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
44.78% 2.17% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$467 / per month

Homeownership Rate

Homeownership
Owners 49.81
Renters 50.19
Vacant 8.64

Housing Market Details

 

Age of Homes

AGE OF New Tazewell HOMES
2000 or Newer 12.1
1970 - 1999 50.4
1940 - 1969 30.7
1939 or Older 6.8

Types of Homes

TYPE OF New Tazewell HOMES
Single-Family 50.8
Townhomes 3.2
Small Apt. Buildings 16.1
Apt. Complexes 13.1
Mobile Homes 15.8
Other 1.0

Home Size

SIZE OF New Tazewell HOMES
No Bedroom 5.02
1 Bedroom 18.23
2 Bedrooms 26.68
3 Bedrooms 42.25
4 Bedrooms 6.80
5 or more bedrooms 1.02

Popular Neighborhoods in New Tazewell

Zip Codes in New Tazewell, TN