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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Sweetwater, TN Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sweetwater, TN Housing Market Trends

With a population of 6,451, 2,762 total housing units (homes and apartments), and a median house value of $264,121, Sweetwater 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 Sweetwater, accounting for 55.50% of the city's housing units. Other types of housing that are prevalent in Sweetwater include duplexes, homes converted to apartments or other small apartment buildings ( 19.74%), mobile homes or trailers ( 13.97%), and a few large apartment complexes or high rise apartments ( 7.32%).

The most prevalent building size and type in Sweetwater are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.10% owning and 49.90% renting.

There is a lot of housing in Sweetwater 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 Sweetwater built between 1940-1969 ( 21.89%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.54%). There's also some housing in Sweetwater built before 1939 ( 4.80%).

Sweetwater Home Appreciation Rates

In the last 10 years, Sweetwater has experienced some of the highest home appreciation rates of any community in the nation. Sweetwater real estate appreciated 111.01% over the last ten years, which is an average annual home appreciation rate of 7.75%, putting Sweetwater in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sweetwater definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Sweetwater's appreciation rate, at 4.87%, has been at or slightly above the national average. In the latest quarter, Sweetwater's appreciation rate has been 0.34%, which annualizes to a rate of 1.36%.

Relative to Tennessee, our data show that Sweetwater's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.

Average Home Values

Median Home Value

$264,121

Sweetwater, TN Home Prices
> $1,474,000
$1,105,001 - $1,474,000
$737,001 - $1,105,000
$589,001 - $737,000
$442,001 - $589,000
$295,001 - $442,000
$147,001 - $295,000
$74,001 - $147,000
$0 - $74,000
1.2%
1.2%
0.5%
0.5%
1.8%
1.8%
2.3%
2.3%
5.1%
5.1%
17.6%
17.6%
51.1%
51.1%
9.7%
9.7%
10.7%
10.7%
0% 100.0%
% of Homes
Average

for Tennessee

Average

for nation

Number of Homes And Apartments:

2,762

Sweetwater Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,032 / per month

Homeownership Rate

Owners
Renters
50.1%
50.1%
49.9%
49.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.5%
8.5%
91.5%
91.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.5%
18.5%
54.8%
54.8%
21.9%
21.9%
4.8%
4.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.5%
55.5%
1.7%
1.7%
19.7%
19.7%
7.3%
7.3%
14.0%
14.0%
1.8%
1.8%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.8%
2.8%
13.9%
13.9%
24.7%
24.7%
41.5%
41.5%
14.9%
14.9%
2.3%
2.3%
0% 100.0%
% of Homes

Zip Codes in Sweetwater, TN