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 Q2 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

Average Home Values

Median Home Value:
$184,012

Number Of Homes And Apartments:
2,567,061

Tennessee Home Prices

Value Range
> $1,241,274 1.0
$930,886 - $1,241,274 1.1
$620,763 - $930,885 3.2
$496,637 - $620,762 3.3
$372,406 - $496,636 7.5
$248,153 - $372,405 16.9
$124,077 - $248,152 36.7
$62,002 - $124,076 20.9
$0 - $62,001 9.5

Tennessee Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q1 - 2020 Q2
0.91% 3.67%
7
Last 12 Months:
2019 Q2 - 2020 Q2
5.33% 5.33%
9
Last 2 Years:
2018 Q2 - 2020 Q2
11.39% 5.54%
9
Last 5 Years:
2015 Q2 - 2020 Q2
36.56% 6.43%
9
Last 10 Years:
2010 Q2 - 2020 Q2
46.62% 3.90%
8
Since 2000:
2000 Q1 - 2020 Q2
95.37% 3.36%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,095 / per month

Homeownership Rate

Homeownership
Owners 64.73
Renters 35.27
Vacant 12.40

Housing Details

Age of Homes

AGE OF Tennessee HOMES
2000 or Newer 22.1
1970 - 1999 47.9
1940 - 1969 24.1
1939 or Older 6.0

Types of Homes

TYPE OF Tennessee HOMES
Single-Family 68.6
Townhomes 3.0
Small Apt. Buildings 6.1
Apt. Complexes 12.9
Mobile Homes 9.3
Other 0.1

Home Size

SIZE OF Tennessee HOMES
No Bedroom 1.49
1 Bedroom 7.57
2 Bedrooms 26.04
3 Bedrooms 46.39
4 Bedrooms 14.90
5 or more bedrooms 3.60