Tullahoma, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tullahoma, 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

Tullahoma Housing Market Information

With a population of 19,128, 8,267 total housing units (homes and apartments), and a median house value of $114,080, house prices in Tullahoma are solidly below the national average.

Single-family detached homes are the single most common housing type in Tullahoma, accounting for 70.67% of the city's housing units. Other types of housing that are prevalent in Tullahoma include large apartment complexes or high rise apartments ( 11.77%), duplexes, homes converted to apartments or other small apartment buildings ( 11.49%), and a few mobile homes or trailers ( 3.93%).

The most prevalent building size and type in Tullahoma are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.78% owning and 42.22% renting.

There is a lot of housing in Tullahoma 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 Tullahoma built between 1940-1969 ( 42.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.91%). There's also some housing in Tullahoma built before 1939 ( 3.71%).

Tullahoma Home Appreciation Rates

Appreciation rates for homes in Tullahoma have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.71%, which ranks in the top 40% nationwide. This equates to an annual average Tullahoma house appreciation rate of 0.56%.

Over the last year, Tullahoma appreciation rates have trailed the rest of the nation. In the last twelve months, Tullahoma's appreciation rate has been 2.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tullahoma were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Tullahoma differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tullahoma - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Tullahoma real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$114,080

Tullahoma, TN HOME PRICES

Value Range
> $1,091,000 1.1
$818,001 - $1,091,000 0.3
$546,001 - $818,000 0.8
$436,001 - $546,000 0.2
$327,001 - $436,000 5.3
$218,001 - $327,000 9.5
$109,001 - $218,000 32.4
$55,001 - $109,000 41.1
$0 - $55,000 9.3

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
68.8620649244111 58.6734693877551

Number Of Homes And Apartments:
8,267

Tullahoma 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
34.22% 1.72% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$856 / per month

Homeownership Rate

Homeownership
Owners 57.78
Renters 42.22
Vacant 9.64

Housing Market Details

 

Age of Homes

AGE OF Tullahoma HOMES
2000 or Newer 10.9
1970 - 1999 42.7
1940 - 1969 42.6
1939 or Older 3.7

Types of Homes

TYPE OF Tullahoma HOMES
Single-Family 70.7
Townhomes 2.1
Small Apt. Buildings 11.5
Apt. Complexes 11.8
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Tullahoma HOMES
No Bedroom 1.38
1 Bedroom 7.57
2 Bedrooms 26.81
3 Bedrooms 44.72
4 Bedrooms 16.66
5 or more bedrooms 2.86