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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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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:
$269,414

Number Of Homes And Apartments:
2,639,455

Tennessee Home Prices

> $1,536,878
$1,152,707 - $1,536,878
$768,440 - $1,152,706
$614,783 - $768,439
$461,012 - $614,782
$307,303 - $461,011
$153,668 - $307,302
$76,795 - $153,667
$0 - $76,794
1.2%
1.2%
1.5%
1.5%
4.4%
4.4%
4.6%
4.6%
10.2%
10.2%
20.6%
20.6%
33.6%
33.6%
16.5%
16.5%
7.5%
7.5%
0.0% 100.0%
% OF HOMES

Tennessee Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2022 Q1 - 2022 Q2
7.85% 35.30%
9
Last 12 Months:
2021 Q2 - 2022 Q2
27.30% 27.30%
10
Last 2 Years:
2020 Q2 - 2022 Q2
45.47% 20.61%
9
Last 5 Years:
2017 Q2 - 2022 Q2
73.57% 11.66%
9
Last 10 Years:
2012 Q2 - 2022 Q2
117.35% 8.07%
8
Since 2000:
2000 Q1 - 2022 Q2
181.61% 4.76%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,507 / per month

Homeownership Rate

Owners
Renters
Vacant
65.0%
65.0%
35.0%
35.0%
11.9%
11.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.2%
24.2%
46.9%
46.9%
23.2%
23.2%
5.8%
5.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.6%
68.6%
3.3%
3.3%
5.8%
5.8%
13.3%
13.3%
8.9%
8.9%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
7.8%
7.8%
25.4%
25.4%
46.1%
46.1%
15.3%
15.3%
3.9%
3.9%
0.0% 100.0%
% OF HOMES