Brentwood, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Brentwood, TN Housing Market Trends

With 42,783 people, 13,899 houses or apartments, and a median cost of homes of $737,100, Brentwood house prices are not only among the most expensive in Tennessee, Brentwood real estate also is some of the most expensive in all of America.

Brentwood is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Brentwood than is found in 98% of the communities in America.

The large homes that make up Brentwood are primarily owner-occupied ( 91.25%).

There is a lot of housing in Brentwood 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 Brentwood built between 2000 and later ( 38.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.61%).

Brentwood Home Appreciation Rates

In the last 10 years, Brentwood has experienced some of the highest home appreciation rates of any community in the nation. Brentwood real estate appreciated 63.94% over the last ten years, which is an average annual home appreciation rate of 5.07%, putting Brentwood in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brentwood 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, Brentwood's appreciation rate, at 6.25%, has been at or slightly above the national average. In the latest quarter, Brentwood's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.

Relative to Tennessee, our data show that Brentwood's latest annual appreciation rate is lower than 80% 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 Brentwood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brentwood - 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 Brentwood real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$737,100

Brentwood, TN HOME PRICES

> $1,215,000
12.7%
12.7%
$911,001 - $1,215,000
19.3%
19.3%
$607,001 - $911,000
41.9%
41.9%
$486,001 - $607,000
13.8%
13.8%
$364,001 - $486,000
7.0%
7.0%
$243,001 - $364,000
2.4%
2.4%
$121,001 - $243,000
1.7%
1.7%
$61,001 - $121,000
0.4%
0.4%
$0 - $61,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TN

Value Relative To Nation

Number Of Homes And Apartments:
13,899

Brentwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
130.72% 4.06%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,249 / per month

Homeownership Rate

Owners
91.3%
91.3%
Renters
8.7%
8.7%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
38.7%
38.7%
1970 - 1999
52.2%
52.2%
1940 - 1969
8.6%
8.6%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
92.3%
92.3%
Townhomes
3.3%
3.3%
Small Apt. Buildings
1.1%
1.1%
Apt. Complexes
3.1%
3.1%
Mobile Homes
0.2%
0.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
0.7%
0.7%
2 Bedrooms
4.0%
4.0%
3 Bedrooms
16.5%
16.5%
4 Bedrooms
49.7%
49.7%
5 or more bedrooms
28.0%
28.0%
0.0% 100.0%
% OF HOMES