Tennessee
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Tennessee Real Estate Values & Housing Market 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$173,173

Number Of Homes And Apartments:
2,547,194

Tennessee Home Prices

Value Range
> $1,214,566 0.9
$910,984 - $1,214,566 1.0
$607,482 - $910,983 2.8
$485,968 - $607,481 3.0
$364,485 - $485,967 6.9
$242,990 - $364,484 15.9
$121,499 - $242,989 37.6
$60,789 - $121,498 21.9
$0 - $60,788 10.1

Tennessee Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q1 - 2019 Q2
1.77% 7.27%
5
Last 12 Months:
2018 Q2 - 2019 Q2
6.39% 6.39%
9
Last 2 Years:
2017 Q2 - 2019 Q2
14.96% 7.22%
9
Last 5 Years:
2014 Q2 - 2019 Q2
36.79% 6.47%
8
Last 10 Years:
2009 Q2 - 2019 Q2
34.28% 2.99%
7
Since 2000:
2000 Q1 - 2019 Q2
87.56% 3.32%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,091 / per month

Homeownership Rate

Homeownership
Owners 64.74
Renters 35.26
Vacant 12.26

Housing Details

Age of Homes

AGE OF Tennessee HOMES
2000 or Newer 21.1
1970 - 1999 48.3
1940 - 1969 24.5
1939 or Older 6.1

Types of Homes

TYPE OF Tennessee HOMES
Single-Family 68.8
Townhomes 3.0
Small Apt. Buildings 6.2
Apt. Complexes 12.7
Mobile Homes 9.3
Other 0.1

Home Size

SIZE OF Tennessee HOMES
No Bedroom 1.41
1 Bedroom 7.57
2 Bedrooms 26.22
3 Bedrooms 46.48
4 Bedrooms 14.81
5 or more bedrooms 3.51