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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Collegedale, 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Collegedale, TN Housing Market Trends

With 11,255 people, 4,155 houses or apartments, and a median cost of homes of $408,343, Collegedale real estate is some of the most expensive in Tennessee, although Collegedale home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Collegedale, accounting for 41.59% of the city's housing units. Other types of housing that are prevalent in Collegedale include large apartment complexes or high rise apartments ( 34.45%), duplexes, homes converted to apartments or other small apartment buildings ( 12.29%), and a few row houses and other attached homes ( 6.54%).

Collegedale is dominated by renter-occupied one, two, or no bedrooms apartments. 65.50% of Collegedale's dwellings are rentals.

Collegedale homes and real estate are some of the newest in America. 58.61% of Collegedale's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Collegedale real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.18%), and between 1940-1969 ( 12.76%). There's also some housing in Collegedale built before 1939 ( 1.46%).

Collegedale Home Appreciation Rates

Appreciation rates for homes in Collegedale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.29%, which ranks in the top 30% nationwide. This equates to an annual average Collegedale house appreciation rate of 7.51%.

Appreciation rates are so strong in Collegedale that despite a nationwide downturn in the housing market, Collegedale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Collegedale appreciation rates continue to be some of the highest in America, at 8.06%, which is higher than appreciation rates in 87.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Collegedale. Collegedale appreciation rates in the latest quarter were at 2.70%, which equates to an annual appreciation rate of 11.26%.

Importantly, this makes Collegedale one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

Median Home Value

$408,343

Collegedale, TN Home Prices
> $1,415,000
$1,061,001 - $1,415,000
$708,001 - $1,061,000
$566,001 - $708,000
$424,001 - $566,000
$283,001 - $424,000
$141,001 - $283,000
$71,001 - $141,000
$0 - $71,000
1.5%
1.5%
2.1%
2.1%
14.2%
14.2%
18.0%
18.0%
22.4%
22.4%
20.7%
20.7%
12.0%
12.0%
2.7%
2.7%
6.4%
6.4%
0% 100.0%
% of Homes
Very High

for Tennessee

High

for nation

Number of Homes And Apartments:

4,155

Collegedale Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,765 / per month

Homeownership Rate

Owners
Renters
34.5%
34.5%
65.5%
65.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.0%
7.0%
93.0%
93.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
58.6%
58.6%
27.2%
27.2%
12.8%
12.8%
1.5%
1.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
41.6%
41.6%
6.5%
6.5%
12.3%
12.3%
34.5%
34.5%
5.1%
5.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.8%
2.8%
12.9%
12.9%
38.1%
38.1%
30.6%
30.6%
10.2%
10.2%
5.3%
5.3%
0% 100.0%
% of Homes