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 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:
$168,338

Number Of Homes And Apartments:
2,546,773

Tennessee Home Prices

Value Range
> $1,208,772 0.8
$906,646 - $1,208,772 0.9
$604,215 - $906,645 2.6
$483,519 - $604,214 2.7
$362,623 - $483,518 6.4
$241,777 - $362,622 15.1
$120,942 - $241,776 38.3
$60,448 - $120,941 22.7
$0 - $60,447 10.5

Tennessee Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q2 - 2018 Q3
1.78% 7.29%
8
Last 12 Months:
2017 Q3 - 2018 Q3
7.65% 7.65%
9
Last 2 Years:
2016 Q3 - 2018 Q3
16.18% 7.79%
8
Last 5 Years:
2013 Q3 - 2018 Q3
35.81% 6.31%
8
Last 10 Years:
2008 Q3 - 2018 Q3
29.41% 2.61%
8
Since 2000:
2000 Q1 - 2018 Q3
80.35% 3.24%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,065 / 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