Sneedville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sneedville Neighborhoods Since 2000




Sneedville, 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

Sneedville Housing Market Information

With 1,346 people, 510 houses or apartments, and a median cost of homes of $86,835, 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 49.76% 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 ( 21.57%), mobile homes or trailers ( 14.33%), and a few large apartment complexes or high rise apartments ( 13.86%).

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 ( 32.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 2.99%). There's also some housing in Sneedville built before 1939 ( 2.68%).

Vacant housing appears to be an issue in Sneedville. Fully 19.69% 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 10.56%, which ranks in the top 30% nationwide. This equates to an annual average Sneedville house appreciation rate of 1.01%.

NeighborhoodScout's data show that during the latest twelve months, Sneedville's appreciation rate, at 3.29%, has been at or slightly above the national average. In the latest quarter, Sneedville's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Tennessee, our data show that Sneedville's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$86,835

Sneedville, TN HOME PRICES

Value Range
> $1,094,000 0.0
$821,001 - $1,094,000 0.0
$547,001 - $821,000 0.0
$438,001 - $547,000 0.0
$329,001 - $438,000 2.3
$219,001 - $329,000 9.8
$110,001 - $219,000 23.3
$55,001 - $110,000 36.1
$0 - $55,000 28.6

Very Low for TN
Very Low for Nation

Value Relative to Nation Value Relative to State
86.2475096683464 91.0714285714286

Number Of Homes And Apartments:
510

Sneedville 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
43.93% 2.13% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$462 / per month

Homeownership Rate

Homeownership
Owners 32.27
Renters 67.73
Vacant 19.69

Housing Market Details

 

Age of Homes

AGE OF Sneedville HOMES
2000 or Newer 3.0
1970 - 1999 61.4
1940 - 1969 32.9
1939 or Older 2.7

Types of Homes

TYPE OF Sneedville HOMES
Single-Family 49.8
Townhomes 0.5
Small Apt. Buildings 21.6
Apt. Complexes 13.9
Mobile Homes 14.3
Other 0.0

Home Size

SIZE OF Sneedville HOMES
No Bedroom 2.68
1 Bedroom 15.75
2 Bedrooms 30.39
3 Bedrooms 42.99
4 Bedrooms 7.56
5 or more bedrooms 0.63

Popular Neighborhoods in Sneedville

Zip Codes in Sneedville, TN