Sevierville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sevierville, 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

Sevierville Housing Market Information

With 16,490 people, 5,821 houses or apartments, and a median cost of homes of $188,321, Sevierville real estate is some of the most expensive in Tennessee, although Sevierville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Sevierville, accounting for 45.56% of the city's housing units. Other types of housing that are prevalent in Sevierville include large apartment complexes or high rise apartments ( 30.12%), duplexes, homes converted to apartments or other small apartment buildings ( 9.54%), and a few mobile homes or trailers ( 7.83%).

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

There is a lot of housing in Sevierville 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 Sevierville built between 2000 and later ( 28.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.30%). There's also some housing in Sevierville built before 1939 ( 4.53%).

Vacant housing appears to be an issue in Sevierville. Fully 21.56% of the housing stock is classified as vacant. Left unchecked, vacant Sevierville homes and apartments can be a drag on the real estate market, holding Sevierville 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.

Sevierville Home Appreciation Rates

Sevierville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sevierville during the period has been just -1.74%, which is lower than 80% of US communities.

Over the last year, Sevierville appreciation rates have trailed the rest of the nation. In the last twelve months, Sevierville's appreciation rate has been 3.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sevierville were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Sevierville's latest annual appreciation rate is lower than 60% of the other cities and towns in Tennessee.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sevierville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sevierville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sevierville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$188,321

Sevierville, TN HOME PRICES

Value Range
> $1,089,000 0.8
$817,001 - $1,089,000 0.3
$544,001 - $817,000 2.9
$436,001 - $544,000 3.7
$327,001 - $436,000 10.0
$217,001 - $327,000 20.3
$109,001 - $217,000 33.1
$55,001 - $109,000 14.7
$0 - $55,000 14.3

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
35.3685690847299 14.7959183673469

Number Of Homes And Apartments:
5,821

Sevierville 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
13.10% 0.72% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$920 / per month

Homeownership Rate

Homeownership
Owners 43.45
Renters 56.55
Vacant 21.56

Housing Market Details

 

Age of Homes

AGE OF Sevierville HOMES
2000 or Newer 28.2
1970 - 1999 55.0
1940 - 1969 12.3
1939 or Older 4.5

Types of Homes

TYPE OF Sevierville HOMES
Single-Family 45.6
Townhomes 7.0
Small Apt. Buildings 9.5
Apt. Complexes 30.1
Mobile Homes 7.8
Other 0.0

Home Size

SIZE OF Sevierville HOMES
No Bedroom 1.64
1 Bedroom 11.99
2 Bedrooms 39.39
3 Bedrooms 36.53
4 Bedrooms 8.48
5 or more bedrooms 1.97