Rogersville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rogersville Neighborhoods Since 2000




Rogersville, TN Real Estate 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Rogersville Housing Market Information

With 4,383 people, 2,029 houses or apartments, and a median cost of homes of $135,086, house prices in Rogersville are solidly below the national average.

Single-family detached homes are the single most common housing type in Rogersville, accounting for 53.64% of the town's housing units. Other types of housing that are prevalent in Rogersville include large apartment complexes or high rise apartments ( 29.07%), duplexes, homes converted to apartments or other small apartment buildings ( 13.17%), and a few mobile homes or trailers ( 3.08%).

People in Rogersville primarily live in small (one, two or no bedroom) single-family detached homes. Rogersville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Rogersville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rogersville built between 1940-1969 ( 26.86%). A lesser amount of the housing stock also hails from before 1939 ( 20.67%). There's also some housing in Rogersville built between 2000 and later ( 8.88%).

Vacant housing appears to be an issue in Rogersville. Fully 12.09% of the housing stock is classified as vacant. Left unchecked, vacant Rogersville homes and apartments can be a drag on the real estate market, holding Rogersville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Rogersville Home Appreciation Rates

Appreciation rates for homes in Rogersville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.16%, which ranks in the top 40% nationwide. This equates to an annual average Rogersville house appreciation rate of 0.60%.

Appreciation rates are so strong in Rogersville that despite a nationwide downturn in the housing market, Rogersville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rogersville appreciation rates continue to be some of the highest in America, at 9.81%, which is higher than appreciation rates in 93.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rogersville. Rogersville appreciation rates in the latest quarter were at -1.22%, which equates to an annual appreciation rate of -4.81%.

Notably, Rogersville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Tennessee, our data show that Rogersville's latest annual appreciation rate is higher than 90% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$135,086

Rogersville, TN HOME PRICES

Value Range
> $1,097,000 0.0
$823,001 - $1,097,000 0.0
$548,001 - $823,000 2.6
$439,001 - $548,000 2.8
$329,001 - $439,000 2.9
$219,001 - $329,000 11.0
$109,001 - $219,000 42.2
$55,001 - $109,000 28.3
$0 - $55,000 10.2

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
57.1545763506387 39.030612244898

Number Of Homes And Apartments:
2,029

Rogersville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
37.83% 1.88% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$591 / per month

Homeownership Rate

Homeownership
Owners 44.61
Renters 55.39
Vacant 12.09

Housing Market Details

 

Age of Homes

AGE OF Rogersville HOMES
2000 or Newer 8.9
1970 - 1999 43.6
1940 - 1969 26.9
1939 or Older 20.7

Types of Homes

TYPE OF Rogersville HOMES
Single-Family 53.6
Townhomes 1.0
Small Apt. Buildings 13.2
Apt. Complexes 29.1
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Rogersville HOMES
No Bedroom 1.56
1 Bedroom 23.53
2 Bedrooms 35.18
3 Bedrooms 31.85
4 Bedrooms 7.41
5 or more bedrooms 0.48