Paris, TN


Highest Appreciating Paris Neighborhoods Since 2000

Paris, TN Real Estate Data

Paris Housing Market Information

With 10,150 people, 4,153 houses or apartments, and a median cost of homes of $91,976, house prices in Paris are some of the most affordable in Tennessee as well as the nation.

Single-family detached homes are the single most common housing type in Paris, accounting for 68.72% of the city's housing units. Other types of housing that are prevalent in Paris include large apartment complexes or high rise apartments ( 11.14%), duplexes, homes converted to apartments or other small apartment buildings ( 9.82%), and a few mobile homes or trailers ( 8.62%).

The most prevalent building size and type in Paris are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.54% owning and 46.46% renting.

There is a lot of housing in Paris 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 Paris built between 1940-1969 ( 37.95%). A lesser amount of the housing stock also hails from before 1939 ( 14.32%). There's also some housing in Paris built between 2000 and later ( 6.96%).

Vacant housing appears to be an issue in Paris. Fully 15.76% of the housing stock is classified as vacant. Left unchecked, vacant Paris homes and apartments can be a drag on the real estate market, holding Paris 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.

Paris Home Appreciation Rates

Appreciation rates for homes in Paris have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.23%, which ranks in the top 50% nationwide. This equates to an annual average Paris house appreciation rate of 0.51%.

NeighborhoodScout's data show that during the latest twelve months, Paris's appreciation rate, at 4.60%, has been at or slightly above the national average. In the latest quarter, Paris's appreciation rate has been 1.80%, which annualizes to a rate of 7.39%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Paris differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Paris - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Paris real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,081,000 0.9
$811,001 - $1,081,000 0.4
$541,001 - $811,000 0.3
$432,001 - $541,000 2.5
$325,001 - $432,000 1.8
$216,001 - $325,000 6.4
$108,001 - $216,000 25.9
$54,001 - $108,000 40.5
$0 - $54,000 21.4

Very Low for TN
Very Low for Nation

Value Relative to Nation Value Relative to State
84.0604321602155 83.9285714285714

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$750 / per month

Homeownership Rate

Owners 53.54
Renters 46.46
Vacant 15.76

Housing Market Details


Age of Homes

2000 or Newer 7.0
1970 - 1999 40.8
1940 - 1969 38.0
1939 or Older 14.3

Types of Homes

Single-Family 68.7
Townhomes 1.7
Small Apt. Buildings 9.8
Apt. Complexes 11.1
Mobile Homes 8.6
Other 0.0

Home Size

No Bedroom 0.67
1 Bedroom 8.40
2 Bedrooms 34.69
3 Bedrooms 39.98
4 Bedrooms 13.55
5 or more bedrooms 2.72

Paris Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
18.76% 1.02% 2 2
* 10 is highest