Tennessee
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Tennessee Real Estate Market & Appreciation

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 Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$215,040

Number Of Homes And Apartments:
2,628,351

Tennessee Home Prices

> $1,377,000
1.1%
1.1%
$1,032,930 - $1,377,000
1.2%
1.2%
$688,512 - $1,032,929
3.6%
3.6%
$550,689 - $688,511
3.8%
3.8%
$413,001 - $550,688
8.5%
8.5%
$275,291 - $413,000
18.1%
18.1%
$137,694 - $275,290
35.7%
35.7%
$68,853 - $137,693
19.5%
19.5%
$0 - $68,852
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Tennessee Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q2 - 2021 Q3
6.84% 30.32%
9
Last 12 Months:
2020 Q3 - 2021 Q3
18.86% 18.86%
8
Last 2 Years:
2019 Q3 - 2021 Q3
26.22% 12.35%
9
Last 5 Years:
2016 Q3 - 2021 Q3
52.40% 8.79%
9
Last 10 Years:
2011 Q3 - 2021 Q3
79.83% 6.04%
8
Since 2000:
2000 Q1 - 2021 Q3
135.38% 4.06%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,293 / per month

Homeownership Rate

Owners
64.8%
64.8%
Renters
35.2%
35.2%
Vacant
12.4%
12.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
23.1%
23.1%
1970 - 1999
47.5%
47.5%
1940 - 1969
23.5%
23.5%
1939 or Older
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.6%
68.6%
Townhomes
3.1%
3.1%
Small Apt. Buildings
5.9%
5.9%
Apt. Complexes
13.2%
13.2%
Mobile Homes
9.2%
9.2%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
7.6%
7.6%
2 Bedrooms
25.7%
25.7%
3 Bedrooms
46.2%
46.2%
4 Bedrooms
15.2%
15.2%
5 or more bedrooms
3.7%
3.7%
0.0% 100.0%
% OF HOMES