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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,114, 1,326 total housing units (homes and apartments), and a median house value of $126,936, house prices in South Pittsburg are solidly below the national average.
Single-family detached homes are the single most common housing type in South Pittsburg, accounting for 66.48% of the city's housing units. Other types of housing that are prevalent in South Pittsburg include duplexes, homes converted to apartments or other small apartment buildings ( 13.23%), mobile homes or trailers ( 12.54%), and a few large apartment complexes or high rise apartments ( 7.54%).
The most prevalent building size and type in South Pittsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.53% owning and 50.47% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. South Pittsburg's housing was primarily built during this period, from the '40s through the '60s. A full 40.03% of the city's housing hails from this era. Other housing ages represented in South Pittsburg include homes built between 1970-1999 ( 36.39%) and housing constructed before 1939 ( 19.53%). There's also some housing in South Pittsburg built between 2000 and later ( 4.04%).
Real estate appreciation rates in South Pittsburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.
Appreciation rates are so strong in South Pittsburg that despite a nationwide downturn in the housing market, South Pittsburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Pittsburg appreciation rates continue to be some of the highest in America, at 5.88%, which is higher than appreciation rates in 73.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Pittsburg. South Pittsburg appreciation rates in the latest quarter were at 1.00%, which equates to an annual appreciation rate of 4.07%.
Relative to Tennessee, our data show that South Pittsburg's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.
|$802,001 - $1,070,000||0.3|
|$535,001 - $802,000||0.4|
|$428,001 - $535,000||4.1|
|$321,001 - $428,000||5.4|
|$214,001 - $321,000||17.7|
|$107,001 - $214,000||29.1|
|$53,001 - $107,000||30.2|
|$0 - $53,000||13.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF South Pittsburg HOMES|
|2000 or Newer||4.0|
|1970 - 1999||36.4|
|1940 - 1969||40.0|
|1939 or Older||19.5|
|TYPE OF South Pittsburg HOMES|
|Small Apt. Buildings||13.2|
|SIZE OF South Pittsburg HOMES|
|5 or more bedrooms||2.81|