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 Q1 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$161,638

Number Of Homes And Apartments:
2,522,204

Tennessee Home Prices

Value Range
> $1,160,290 0.8
$870,291 - $1,160,290 0.9
$580,101 - $870,290 2.6
$464,005 - $580,100 2.7
$348,001 - $464,004 6.4
$232,008 - $348,000 15.1
$116,001 - $232,007 38.3
$58,001 - $116,000 22.7
$0 - $58,000 10.5

Tennessee Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q4 - 2018 Q1
0.98% 3.97%
5
Last 12 Months:
2017 Q1 - 2018 Q1
7.72% 7.72%
8
Last 2 Years:
2016 Q1 - 2018 Q1
14.89% 7.19%
8
Last 5 Years:
2013 Q1 - 2018 Q1
31.11% 5.57%
8
Last 10 Years:
2008 Q1 - 2018 Q1
21.13% 1.94%
9
Since 2000:
2000 Q1 - 2018 Q1
72.10% 3.06%
5
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,013 / per month

Homeownership Rate

Homeownership
Owners 64.77
Renters 35.23
Vacant 12.22

Housing Details

Age of Homes

AGE OF Tennessee HOMES
2000 or Newer 20.2
1970 - 1999 48.8
1940 - 1969 24.8
1939 or Older 6.2

Types of Homes

TYPE OF Tennessee HOMES
Single-Family 68.8
Townhomes 3.0
Small Apt. Buildings 6.2
Apt. Complexes 12.5
Mobile Homes 9.3
Other 0.1

Home Size

SIZE OF Tennessee HOMES
No Bedroom 1.33
1 Bedroom 7.59
2 Bedrooms 26.34
3 Bedrooms 46.62
4 Bedrooms 14.64
5 or more bedrooms 3.48