Townsend, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Townsend, 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

Townsend Housing Market Information

With 452 people, 208 houses or apartments, and a median cost of homes of $158,514, Townsend 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 Townsend, accounting for 79.10% of the city's housing units. Other types of housing that are prevalent in Townsend include mobile homes or trailers ( 11.90%), row houses and other attached homes ( 4.18%), and a few large apartment complexes or high rise apartments ( 2.57%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Townsend. Owner-occupied housing accounts for 93.75% of Townsend's homes, and 53.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Townsend 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 Townsend built between 1940-1969 ( 18.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.50%). There's also some housing in Townsend built before 1939 ( 7.72%).

Vacant housing appears to be an issue in Townsend. Fully 33.12% of the housing stock is classified as vacant. Left unchecked, vacant Townsend homes and apartments can be a drag on the real estate market, holding Townsend 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.

Townsend Home Appreciation Rates

Townsend's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Townsend during the period has been just -1.89%, which is lower than 80% of US communities.

Over the last year, Townsend appreciation rates have trailed the rest of the nation. In the last twelve months, Townsend's appreciation rate has been -1.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Townsend were at 0.56%, which equates to an annual appreciation rate of 2.26%.

Relative to Tennessee, our data show that Townsend's latest annual appreciation rate is lower than 90% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$158,514

Townsend, TN HOME PRICES

Value Range
> $1,014,000 0.6
$761,001 - $1,014,000 1.2
$507,001 - $761,000 2.7
$406,001 - $507,000 6.6
$304,001 - $406,000 10.1
$203,001 - $304,000 16.6
$102,001 - $203,000 33.1
$50,001 - $102,000 13.6
$0 - $50,000 15.3

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
46.3553263799367 25.2551020408163

Number Of Homes And Apartments:
208

Townsend 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
26.46% 1.37% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$864 / per month

Homeownership Rate

Homeownership
Owners 93.75
Renters 6.25
Vacant 33.12

Housing Market Details

 

Age of Homes

AGE OF Townsend HOMES
2000 or Newer 13.5
1970 - 1999 59.8
1940 - 1969 19.0
1939 or Older 7.7

Types of Homes

TYPE OF Townsend HOMES
Single-Family 79.1
Townhomes 4.2
Small Apt. Buildings 2.3
Apt. Complexes 2.6
Mobile Homes 11.9
Other 0.0

Home Size

SIZE OF Townsend HOMES
No Bedroom 5.14
1 Bedroom 6.75
2 Bedrooms 33.12
3 Bedrooms 45.98
4 Bedrooms 7.72
5 or more bedrooms 1.29

Popular Neighborhoods in Townsend

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Zip Codes in Townsend, TN