Strawberry Plains, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Strawberry Plains Neighborhoods Since 2000




Strawberry Plains, 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

Strawberry Plains Housing Market Information

With 13,647 people, 1,644 houses or apartments, and a median cost of homes of $136,235, house prices in Strawberry Plains are solidly below the national average.

Single-family detached homes are the single most common housing type in Strawberry Plains, accounting for 67.96% of the town's housing units. Other types of housing that are prevalent in Strawberry Plains include mobile homes or trailers ( 28.00%), row houses and other attached homes ( 2.08%), and a few large apartment complexes or high rise apartments ( 1.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Strawberry Plains. Owner-occupied housing accounts for 78.09% of Strawberry Plains's homes, and 72.06% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Strawberry Plains 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 Strawberry Plains built between 2000 and later ( 23.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.60%). There's also some housing in Strawberry Plains built before 1939 ( 2.67%).

Vacant housing appears to be an issue in Strawberry Plains. Fully 12.26% of the housing stock is classified as vacant. Left unchecked, vacant Strawberry Plains homes and apartments can be a drag on the real estate market, holding Strawberry Plains 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.

Strawberry Plains Home Appreciation Rates

Real estate appreciation rates in Strawberry Plains's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.31% during the period.

Appreciation rates are so strong in Strawberry Plains that despite a nationwide downturn in the housing market, Strawberry Plains real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Strawberry Plains appreciation rates continue to be some of the highest in America, at 6.31%, which is higher than appreciation rates in 76.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Strawberry Plains. Strawberry Plains appreciation rates in the latest quarter were at -0.56%, which equates to an annual appreciation rate of -2.22%.

Notably, Strawberry Plains's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$136,235

Strawberry Plains, TN HOME PRICES

Value Range
> $1,078,000 1.5
$808,001 - $1,078,000 0.6
$539,001 - $808,000 1.7
$431,001 - $539,000 0.1
$323,001 - $431,000 5.3
$216,001 - $323,000 11.0
$108,001 - $216,000 45.4
$54,001 - $108,000 19.3
$0 - $54,000 15.2

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
56.6154927926872 38.5204081632653

Number Of Homes And Apartments:
1,644

Strawberry Plains 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
23.33% 1.22% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$854 / per month

Homeownership Rate

Homeownership
Owners 78.09
Renters 21.91
Vacant 12.26

Housing Market Details

 

Age of Homes

AGE OF Strawberry Plains HOMES
2000 or Newer 23.8
1970 - 1999 54.0
1940 - 1969 19.6
1939 or Older 2.7

Types of Homes

TYPE OF Strawberry Plains HOMES
Single-Family 68.0
Townhomes 2.1
Small Apt. Buildings 0.7
Apt. Complexes 1.3
Mobile Homes 28.0
Other 0.0

Home Size

SIZE OF Strawberry Plains HOMES
No Bedroom 0.13
1 Bedroom 1.80
2 Bedrooms 24.03
3 Bedrooms 60.01
4 Bedrooms 12.05
5 or more bedrooms 1.99

Popular Neighborhoods in Strawberry Plains

Zip Codes in Strawberry Plains, TN