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 Q2 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:
$164,440

Number Of Homes And Apartments:
2,522,204

Tennessee Home Prices

Value Range
> $1,176,841 0.8
$882,459 - $1,176,841 0.9
$588,577 - $882,458 2.6
$470,784 - $588,576 2.7
$353,030 - $470,783 6.4
$235,271 - $353,029 15.1
$117,650 - $235,270 38.3
$58,850 - $117,649 22.7
$0 - $58,849 10.5

Tennessee Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
2.85% 11.91%
8
Last 12 Months:
2017 Q2 - 2018 Q2
8.03% 8.03%
9
Last 2 Years:
2016 Q2 - 2018 Q2
15.93% 7.67%
8
Last 5 Years:
2013 Q2 - 2018 Q2
33.77% 5.99%
8
Last 10 Years:
2008 Q2 - 2018 Q2
25.28% 2.28%
8
Since 2000:
2000 Q1 - 2018 Q2
77.25% 3.19%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,049 / 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