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




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Highest Appreciating Soddy-Daisy Neighborhoods Since 2000




Soddy-Daisy, 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

Soddy-Daisy Housing Market Information

With 13,171 people, 5,129 houses or apartments, and a median cost of homes of $147,945, 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 70.33% of the city's housing units. Other types of housing that are prevalent in Soddy-Daisy include mobile homes or trailers ( 18.79%), large apartment complexes or high rise apartments ( 6.06%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.00%).

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 71.39% of Soddy-Daisy's homes, and 59.18% 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 ( 29.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.34%). There's also some housing in Soddy-Daisy built before 1939 ( 6.96%).

Vacant housing appears to be an issue in Soddy-Daisy. Fully 11.17% 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 3.23%, which ranks in the top 50% nationwide. This equates to an annual average Soddy-Daisy house appreciation rate of 0.32%.

Over the last year, Soddy-Daisy appreciation rates have trailed the rest of the nation. In the last twelve months, Soddy-Daisy's appreciation rate has been 2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Soddy-Daisy were at 1.00%, which equates to an annual appreciation rate of 4.07%.

Relative to Tennessee, our data show that Soddy-Daisy's latest annual appreciation rate is lower than 70% 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:
$147,945

Soddy-Daisy, TN HOME PRICES

Value Range
> $1,085,000 0.2
$814,001 - $1,085,000 0.3
$542,001 - $814,000 1.7
$434,001 - $542,000 2.4
$325,001 - $434,000 6.5
$217,001 - $325,000 16.0
$109,001 - $217,000 37.2
$54,001 - $109,000 23.3
$0 - $54,000 12.5

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
50.9316770186335 30.1020408163265

Number Of Homes And Apartments:
5,129

Soddy-Daisy 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
35.19% 1.76% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$952 / per month

Homeownership Rate

Homeownership
Owners 71.39
Renters 28.61
Vacant 11.17

Housing Market Details

 

Age of Homes

AGE OF Soddy-Daisy HOMES
2000 or Newer 17.3
1970 - 1999 46.5
1940 - 1969 29.2
1939 or Older 7.0

Types of Homes

TYPE OF Soddy-Daisy HOMES
Single-Family 70.3
Townhomes 0.8
Small Apt. Buildings 4.0
Apt. Complexes 6.1
Mobile Homes 18.8
Other 0.0

Home Size

SIZE OF Soddy-Daisy HOMES
No Bedroom 0.76
1 Bedroom 4.57
2 Bedrooms 34.10
3 Bedrooms 46.83
4 Bedrooms 12.35
5 or more bedrooms 1.39