Tennessee
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Top Ten Highest Appreciating TN Cities Since 2000




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 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

Average Home Values

Median Home Value:
$148,624

Number Of Homes And Apartments:
2,504,556

Tennessee Home Prices

Value Range
> $1,107,000 0.8
$830,001 - $1,107,000 0.8
$553,001 - $830,000 2.4
$443,001 - $553,000 2.6
$332,001 - $443,000 6.1
$221,001 - $332,000 14.7
$111,001 - $221,000 38.6
$55,001 - $111,000 23.3
$0 - $55,000 10.8

Tennessee Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2016 Q4 - 2017 Q1
0.79% 3.22% 6
Last 12 Months:
2016 Q1 - 2017 Q1
6.30% 6.30% 8
Last 2 Years:
2015 Q1 - 2017 Q1
12.63% 6.13% 8
Last 5 Years:
2012 Q1 - 2017 Q1
23.05% 4.24% 7
Last 10 Years:
2007 Q1 - 2017 Q1
15.36% 1.44% 9
Since 2000:
2000 Q1 - 2017 Q1
60.00% 2.80% 4
* 10 is highest

Rent & Homeownership

Average Market Rent:
$962 / per month

Homeownership Rate

Homeownership
Owners 65.19
Renters 34.81
Vacant 12.26

Housing Details

Age of Homes

AGE OF Tennessee HOMES
2000 or Newer 19.5
1970 - 1999 49.1
1940 - 1969 25.0
1939 or Older 6.3

Types of Homes

TYPE OF Tennessee HOMES
Single-Family 68.8
Townhomes 3.0
Small Apt. Buildings 6.2
Apt. Complexes 12.4
Mobile Homes 9.5
Other 0.1

Home Size

SIZE OF Tennessee HOMES
No Bedroom 1.25
1 Bedroom 7.71
2 Bedrooms 26.48
3 Bedrooms 46.55
4 Bedrooms 14.53
5 or more bedrooms 3.48