Tennessee
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA






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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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:
$187,026

Number Of Homes And Apartments:
2,589,494

Tennessee Home Prices

> $1,258,269
1.0%
1.0%
$943,854 - $1,258,269
1.1%
1.1%
$629,111 - $943,853
3.2%
3.2%
$503,594 - $629,110
3.3%
3.3%
$377,548 - $503,593
7.5%
7.5%
$251,723 - $377,547
16.9%
16.9%
$125,868 - $251,722
36.7%
36.7%
$63,001 - $125,867
20.9%
20.9%
$0 - $63,000
9.5%
9.5%
0.0% 100.0%
% OF HOMES

Tennessee Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q2 - 2020 Q3
2.24% 9.25%
8
Last 12 Months:
2019 Q3 - 2020 Q3
6.13% 6.13%
9
Last 2 Years:
2018 Q3 - 2020 Q3
12.26% 5.95%
10
Last 5 Years:
2015 Q3 - 2020 Q3
36.83% 6.47%
9
Last 10 Years:
2010 Q3 - 2020 Q3
47.47% 3.96%
8
Since 2000:
2000 Q1 - 2020 Q3
99.25% 3.42%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,123 / per month

Homeownership Rate

Owners
64.7%
64.7%
Renters
35.3%
35.3%
Vacant
12.4%
12.4%
0.0% 100.0%
% OF HOMES

Housing Details

Age of Homes

2000 or Newer
22.1%
22.1%
1970 - 1999
47.9%
47.9%
1940 - 1969
24.1%
24.1%
1939 or Older
6.0%
6.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.6%
68.6%
Townhomes
3.0%
3.0%
Small Apt. Buildings
6.1%
6.1%
Apt. Complexes
12.9%
12.9%
Mobile Homes
9.3%
9.3%
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
26.0%
26.0%
3 Bedrooms
46.4%
46.4%
4 Bedrooms
14.9%
14.9%
5 or more bedrooms
3.6%
3.6%
0.0% 100.0%
% OF HOMES