Tellico Plains, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tellico 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

Tellico Plains Housing Market Information

With a population of 942, 336 total housing units (homes and apartments), and a median house value of $159,202, Tellico Plains 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 Tellico Plains, accounting for 55.48% of the town's housing units. Other types of housing that are prevalent in Tellico Plains include mobile homes or trailers ( 22.84%), duplexes, homes converted to apartments or other small apartment buildings ( 12.35%), and a few large apartment complexes or high rise apartments ( 8.39%).

People in Tellico Plains primarily live in small (one, two or no bedroom) single-family detached homes. Tellico Plains has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Tellico 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 Tellico Plains built between 1940-1969 ( 27.97%). A lesser amount of the housing stock also hails from before 1939 ( 8.86%). There's also some housing in Tellico Plains built between 2000 and later ( 7.23%).

Vacant housing appears to be an issue in Tellico Plains. Fully 21.68% of the housing stock is classified as vacant. Left unchecked, vacant Tellico Plains homes and apartments can be a drag on the real estate market, holding Tellico 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.

Tellico Plains Home Appreciation Rates

In the last 10 years, Tellico Plains has experienced some of the highest home appreciation rates of any community in the nation. Tellico Plains real estate appreciated 24.86% over the last ten years, which is an average annual home appreciation rate of 2.24%, putting Tellico Plains in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tellico Plains definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Tellico Plains that despite a nationwide downturn in the housing market, Tellico Plains real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tellico Plains appreciation rates continue to be some of the highest in America, at 6.20%, which is higher than appreciation rates in 75.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tellico Plains. Tellico Plains appreciation rates in the latest quarter were at 0.56%, which equates to an annual appreciation rate of 2.26%.

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

Average Home Values

 

Median Home Value:
$159,202

Tellico Plains, TN HOME PRICES

Value Range
> $1,144,000 1.1
$858,001 - $1,144,000 0.2
$572,001 - $858,000 2.7
$458,001 - $572,000 0.8
$343,001 - $458,000 3.2
$229,001 - $343,000 16.6
$114,001 - $229,000 27.7
$57,001 - $114,000 29.1
$0 - $57,000 18.5

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
46.0564865815071 24.234693877551

Number Of Homes And Apartments:
336

Tellico 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
68.48% 3.07% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$795 / per month

Homeownership Rate

Homeownership
Owners 62.80
Renters 37.20
Vacant 21.68

Housing Market Details

 

Age of Homes

AGE OF Tellico Plains HOMES
2000 or Newer 7.2
1970 - 1999 55.9
1940 - 1969 28.0
1939 or Older 8.9

Types of Homes

TYPE OF Tellico Plains HOMES
Single-Family 55.5
Townhomes 0.9
Small Apt. Buildings 12.4
Apt. Complexes 8.4
Mobile Homes 22.8
Other 0.0

Home Size

SIZE OF Tellico Plains HOMES
No Bedroom 1.86
1 Bedroom 14.69
2 Bedrooms 32.63
3 Bedrooms 38.69
4 Bedrooms 10.26
5 or more bedrooms 1.86

Popular Neighborhoods in Tellico Plains

Popular Communities Near Tellico Plains, TN

Zip Codes in Tellico Plains, TN