Signal Mountain, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Signal Mountain Neighborhoods Since 2000




Signal Mountain, 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

Signal Mountain Housing Market Information

With a population of 8,528, 3,246 total housing units (homes and apartments), and a median house value of $319,361, Signal Mountain house prices are not only among the most expensive in Tennessee, Signal Mountain real estate also is some of the most expensive in all of America.

Signal Mountain is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Signal Mountain than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Signal Mountain. Owner-occupied housing accounts for 83.80% of Signal Mountain's homes, and 73.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Signal Mountain 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 Signal Mountain built between 1940-1969 ( 27.72%). A lesser amount of the housing stock also hails from before 1939 ( 10.52%). There's also some housing in Signal Mountain built between 2000 and later ( 7.02%).

Signal Mountain Home Appreciation Rates

Appreciation rates for homes in Signal Mountain have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.60%, which ranks in the top 30% nationwide. This equates to an annual average Signal Mountain house appreciation rate of 0.92%.

Over the last year, Signal Mountain appreciation rates have trailed the rest of the nation. In the last twelve months, Signal Mountain's appreciation rate has been 1.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Signal Mountain were at 1.00%, which equates to an annual appreciation rate of 4.07%.

Relative to Tennessee, our data show that Signal Mountain's latest annual appreciation rate is lower than 80% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$319,361

Signal Mountain, TN HOME PRICES

Value Range
> $1,083,000 1.6
$812,001 - $1,083,000 3.2
$541,001 - $812,000 12.1
$433,001 - $541,000 12.0
$325,001 - $433,000 20.2
$216,001 - $325,000 35.3
$108,001 - $216,000 12.4
$54,001 - $108,000 1.9
$0 - $54,000 1.4

Very High for TN
Very High for Nation

Value Relative to Nation Value Relative to State
14.6197117074886 3.57142857142857

Number Of Homes And Apartments:
3,246

Signal Mountain 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
51.45% 2.44% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,134 / per month

Homeownership Rate

Homeownership
Owners 83.80
Renters 16.20
Vacant 9.20

Housing Market Details

 

Age of Homes

AGE OF Signal Mountain HOMES
2000 or Newer 7.0
1970 - 1999 54.7
1940 - 1969 27.7
1939 or Older 10.5

Types of Homes

TYPE OF Signal Mountain HOMES
Single-Family 84.9
Townhomes 3.8
Small Apt. Buildings 1.3
Apt. Complexes 10.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Signal Mountain HOMES
No Bedroom 0.00
1 Bedroom 3.50
2 Bedrooms 9.93
3 Bedrooms 33.79
4 Bedrooms 39.69
5 or more bedrooms 13.09

Popular Neighborhoods in Signal Mountain

Zip Codes in Signal Mountain, TN