Spring City, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Spring City Neighborhoods Since 2000




Spring City, 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

Spring City Housing Market Information

With a population of 1,995, 981 total housing units (homes and apartments), and a median house value of $127,769, house prices in Spring City are solidly below the national average.

Single-family detached homes are the single most common housing type in Spring City, accounting for 66.64% of the town's housing units. Other types of housing that are prevalent in Spring City include duplexes, homes converted to apartments or other small apartment buildings ( 16.72%), mobile homes or trailers ( 14.47%), and a few row houses and other attached homes ( 2.17%).

The most prevalent building size and type in Spring City are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.63% owning and 44.37% renting.

There is a lot of housing in Spring City 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 Spring City built between 1940-1969 ( 31.63%). A lesser amount of the housing stock also hails from before 1939 ( 7.19%). There's also some housing in Spring City built between 2000 and later ( 6.59%).

Vacant housing appears to be an issue in Spring City. Fully 14.99% of the housing stock is classified as vacant. Left unchecked, vacant Spring City homes and apartments can be a drag on the real estate market, holding Spring City 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.

Spring City Home Appreciation Rates

Real estate appreciation rates in Spring City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.07% during the period.

Over the last year, Spring City appreciation rates have trailed the rest of the nation. In the last twelve months, Spring City's appreciation rate has been 2.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Spring City were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Spring City's latest annual appreciation rate is lower than 70% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$127,769

Spring City, TN HOME PRICES

Value Range
> $1,068,000 0.0
$802,001 - $1,068,000 1.2
$535,001 - $802,000 3.4
$427,001 - $535,000 2.6
$320,001 - $427,000 9.0
$214,001 - $320,000 9.4
$107,001 - $214,000 32.7
$54,001 - $107,000 24.5
$0 - $54,000 17.2

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
61.0160553146607 45.1530612244898

Number Of Homes And Apartments:
981

Spring City 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
58.42% 2.70% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$805 / per month

Homeownership Rate

Homeownership
Owners 55.63
Renters 44.37
Vacant 14.99

Housing Market Details

 

Age of Homes

AGE OF Spring City HOMES
2000 or Newer 6.6
1970 - 1999 54.6
1940 - 1969 31.6
1939 or Older 7.2

Types of Homes

TYPE OF Spring City HOMES
Single-Family 66.6
Townhomes 2.2
Small Apt. Buildings 16.7
Apt. Complexes 0.0
Mobile Homes 14.5
Other 0.0

Home Size

SIZE OF Spring City HOMES
No Bedroom 0.61
1 Bedroom 10.83
2 Bedrooms 29.38
3 Bedrooms 48.09
4 Bedrooms 7.63
5 or more bedrooms 3.47

Popular Neighborhoods in Spring City

Zip Codes in Spring City, TN