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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$176,812

Number Of Homes And Apartments:
2,567,684

Tennessee Home Prices

Value Range
> $1,246,009 0.9
$934,581 - $1,246,009 1.0
$623,001 - $934,580 2.8
$498,296 - $623,000 3.0
$373,783 - $498,295 6.9
$249,149 - $373,782 15.9
$124,577 - $249,148 37.6
$62,234 - $124,576 21.9
$0 - $62,233 10.1

Tennessee Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q2 - 2019 Q3
1.33% 5.43%
8
Last 12 Months:
2018 Q3 - 2019 Q3
6.04% 6.04%
10
Last 2 Years:
2017 Q3 - 2019 Q3
14.04% 6.79%
9
Last 5 Years:
2014 Q3 - 2019 Q3
37.44% 6.57%
8
Last 10 Years:
2009 Q3 - 2019 Q3
39.25% 3.37%
7
Since 2000:
2000 Q1 - 2019 Q3
90.05% 3.35%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,108 / per month

Homeownership Rate

Homeownership
Owners 64.74
Renters 35.26
Vacant 12.26

Housing Details

Age of Homes

AGE OF Tennessee HOMES
2000 or Newer 21.1
1970 - 1999 48.3
1940 - 1969 24.5
1939 or Older 6.1

Types of Homes

TYPE OF Tennessee HOMES
Single-Family 68.8
Townhomes 3.0
Small Apt. Buildings 6.2
Apt. Complexes 12.7
Mobile Homes 9.3
Other 0.1

Home Size

SIZE OF Tennessee HOMES
No Bedroom 1.41
1 Bedroom 7.57
2 Bedrooms 26.22
3 Bedrooms 46.48
4 Bedrooms 14.81
5 or more bedrooms 3.51