Trenton, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Trenton Neighborhoods Since 2000




Trenton, 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

Trenton Housing Market Information

With 4,134 people, 1,800 houses or apartments, and a median cost of homes of $91,788, house prices in Trenton are some of the most affordable in Tennessee as well as the nation.

Single-family detached homes are the single most common housing type in Trenton, accounting for 63.56% of the city's housing units. Other types of housing that are prevalent in Trenton include duplexes, homes converted to apartments or other small apartment buildings ( 18.93%), large apartment complexes or high rise apartments ( 13.29%), and a few mobile homes or trailers ( 2.65%).

The most prevalent building size and type in Trenton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.23% owning and 56.77% renting.

There is a lot of housing in Trenton 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 Trenton built between 1940-1969 ( 27.95%). A lesser amount of the housing stock also hails from before 1939 ( 13.49%). There's also some housing in Trenton built between 2000 and later ( 2.70%).

Vacant housing appears to be an issue in Trenton. Fully 11.72% of the housing stock is classified as vacant. Left unchecked, vacant Trenton homes and apartments can be a drag on the real estate market, holding Trenton 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.

Trenton Home Appreciation Rates

Real estate appreciation rates in Trenton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.61% during the period.

Over the last year, Trenton appreciation rates have trailed the rest of the nation. In the last twelve months, Trenton's appreciation rate has been 1.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Trenton were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Tennessee, our data show that Trenton's latest annual appreciation rate is lower than 80% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$91,788

Trenton, TN HOME PRICES

Value Range
> $1,015,000 0.0
$761,001 - $1,015,000 0.0
$508,001 - $761,000 3.9
$406,001 - $508,000 0.1
$304,001 - $406,000 1.2
$203,001 - $304,000 8.3
$102,001 - $203,000 25.4
$51,001 - $102,000 46.5
$0 - $51,000 14.6

Very Low for TN
Very Low for Nation

Value Relative to Nation Value Relative to State
82.8255009961327 85.4591836734694

Number Of Homes And Apartments:
1,800

Trenton 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
1.01% 0.06% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$726 / per month

Homeownership Rate

Homeownership
Owners 43.23
Renters 56.77
Vacant 11.72

Housing Market Details

 

Age of Homes

AGE OF Trenton HOMES
2000 or Newer 2.7
1970 - 1999 55.9
1940 - 1969 28.0
1939 or Older 13.5

Types of Homes

TYPE OF Trenton HOMES
Single-Family 63.6
Townhomes 0.5
Small Apt. Buildings 18.9
Apt. Complexes 13.3
Mobile Homes 2.6
Other 1.1

Home Size

SIZE OF Trenton HOMES
No Bedroom 3.78
1 Bedroom 12.90
2 Bedrooms 29.67
3 Bedrooms 46.93
4 Bedrooms 5.98
5 or more bedrooms 0.74