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 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.
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.
|$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|
|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 Strawberry Plains HOMES|
|2000 or Newer||23.8|
|1970 - 1999||54.0|
|1940 - 1969||19.6|
|1939 or Older||2.7|
|TYPE OF Strawberry Plains HOMES|
|Small Apt. Buildings||0.7|
|SIZE OF Strawberry Plains HOMES|
|5 or more bedrooms||1.99|