Soddy-Daisy, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Soddy-Daisy Neighborhoods Since 2000




Soddy-Daisy, TN Real Estate Data


Soddy-Daisy Housing Market Information

With 13,171 people, 5,138 houses or apartments, and a median cost of homes of $146,913, Soddy-Daisy real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Soddy-Daisy, accounting for 71.30% of the city's housing units. Other types of housing that are prevalent in Soddy-Daisy include mobile homes or trailers ( 17.61%), large apartment complexes or high rise apartments ( 6.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.49%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Soddy-Daisy. Owner-occupied housing accounts for 71.33% of Soddy-Daisy's homes, and 60.00% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Soddy-Daisy 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 Soddy-Daisy built between 1940-1969 ( 29.80%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.97%). There's also some housing in Soddy-Daisy built before 1939 ( 9.00%).

Vacant housing appears to be an issue in Soddy-Daisy. Fully 10.41% of the housing stock is classified as vacant. Left unchecked, vacant Soddy-Daisy homes and apartments can be a drag on the real estate market, holding Soddy-Daisy 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.

Soddy-Daisy Home Appreciation Rates

Appreciation rates for homes in Soddy-Daisy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.30%, which ranks in the top 40% nationwide. This equates to an annual average Soddy-Daisy house appreciation rate of 0.71%.

NeighborhoodScout's data show that during the latest twelve months, Soddy-Daisy's appreciation rate, at 4.56%, has been at or slightly above the national average. In the latest quarter, Soddy-Daisy's appreciation rate has been 1.04%, which annualizes to a rate of 4.24%.

Relative to Tennessee, our data show that Soddy-Daisy'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 Soddy-Daisy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Soddy-Daisy - 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 Soddy-Daisy real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$146,913

Soddy-Daisy, TN HOME PRICES

Value Range
> $1,090,000 0.7
$818,001 - $1,090,000 1.0
$545,001 - $818,000 1.8
$436,001 - $545,000 1.9
$327,001 - $436,000 5.4
$218,001 - $327,000 14.1
$109,001 - $218,000 37.4
$54,001 - $109,000 23.8
$0 - $54,000 13.8

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
52.3335480470809 31.6326530612245

Number Of Homes And Apartments:
5,138

Rent & Ownership

 

Average Market Rent:
$899 / per month

Homeownership Rate

Homeownership
Owners 71.33
Renters 28.67
Vacant 10.41

Housing Market Details

 

Age of Homes

AGE OF Soddy-Daisy HOMES
2000 or Newer 19.0
1970 - 1999 42.2
1940 - 1969 29.8
1939 or Older 9.0

Types of Homes

TYPE OF Soddy-Daisy HOMES
Single-Family 71.3
Townhomes 0.9
Small Apt. Buildings 3.5
Apt. Complexes 6.7
Mobile Homes 17.6
Other 0.0

Home Size

SIZE OF Soddy-Daisy HOMES
No Bedroom 0.17
1 Bedroom 5.32
2 Bedrooms 33.29
3 Bedrooms 48.16
4 Bedrooms 11.84
5 or more bedrooms 1.22

Soddy-Daisy 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
37.69% 1.90% 6 4
* 10 is highest