Sneedville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sneedville, TN Real Estate Data


Sneedville Housing Market Information

With 1,346 people, 558 houses or apartments, and a median cost of homes of $79,574, house prices in Sneedville are some of the most affordable in Tennessee as well as the nation.

Single-family detached homes are the single most common housing type in Sneedville, accounting for 51.90% of the town's housing units. Other types of housing that are prevalent in Sneedville include duplexes, homes converted to apartments or other small apartment buildings ( 24.81%), mobile homes or trailers ( 11.87%), and a few large apartment complexes or high rise apartments ( 11.11%).

Renters dominate Sneedville's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Sneedville 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 Sneedville built between 1940-1969 ( 32.72%). A lesser amount of the housing stock also hails from before 1939 ( 2.28%).

Vacant housing appears to be an issue in Sneedville. Fully 15.07% of the housing stock is classified as vacant. Left unchecked, vacant Sneedville homes and apartments can be a drag on the real estate market, holding Sneedville 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.

Sneedville Home Appreciation Rates

Appreciation rates for homes in Sneedville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.38%, which ranks in the top 40% nationwide. This equates to an annual average Sneedville house appreciation rate of 0.81%.

NeighborhoodScout's data show that during the latest twelve months, Sneedville's appreciation rate, at 4.44%, has been at or slightly above the national average. In the latest quarter, Sneedville's appreciation rate has been 1.80%, which annualizes to a rate of 7.39%.

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

Average Home Values

 

Median Home Value:
$79,574

Sneedville, TN HOME PRICES

Value Range
> $1,100,000 0.0
$825,001 - $1,100,000 0.0
$550,001 - $825,000 0.0
$440,001 - $550,000 0.0
$330,001 - $440,000 2.7
$220,001 - $330,000 5.8
$110,001 - $220,000 21.7
$55,001 - $110,000 42.0
$0 - $55,000 27.8

Very Low for TN
Very Low for Nation

Value Relative to Nation Value Relative to State
91.4797681091527 94.8979591836735

Number Of Homes And Apartments:
558

Rent & Ownership

 

Average Market Rent:
$665 / per month

Homeownership Rate

Homeownership
Owners 34.51
Renters 65.49
Vacant 15.07

Housing Market Details

 

Age of Homes

AGE OF Sneedville HOMES
2000 or Newer 0.5
1970 - 1999 64.5
1940 - 1969 32.7
1939 or Older 2.3

Types of Homes

TYPE OF Sneedville HOMES
Single-Family 51.9
Townhomes 0.3
Small Apt. Buildings 24.8
Apt. Complexes 11.1
Mobile Homes 11.9
Other 0.0

Home Size

SIZE OF Sneedville HOMES
No Bedroom 2.59
1 Bedroom 16.29
2 Bedrooms 28.46
3 Bedrooms 40.03
4 Bedrooms 12.02
5 or more bedrooms 0.61

Sneedville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
40.79% 2.03% 7 5
* 10 is highest

Popular Neighborhoods in Sneedville

Zip Codes in Sneedville, TN