Collierville, 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

Collierville, TN Housing Market Trends

With 51,040 people, 17,204 houses or apartments, and a median cost of homes of $396,740, Collierville house prices are not only among the most expensive in Tennessee, Collierville real estate also is some of the most expensive in all of America.

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

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Collierville. Owner-occupied housing accounts for 79.03% of Collierville's homes, and 69.34% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Collierville 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 Collierville built between 2000 and later ( 35.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.55%). There's also some housing in Collierville built before 1939 ( 1.28%).

Collierville Home Appreciation Rates

Appreciation rates for homes in Collierville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 43.74%, which ranks in the top 30% nationwide. This equates to an annual average Collierville house appreciation rate of 3.69%.

Appreciation rates are so strong in Collierville that despite a nationwide downturn in the housing market, Collierville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Collierville appreciation rates continue to be some of the highest in America, at 6.83%, which is higher than appreciation rates in 84.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Collierville. Collierville appreciation rates in the latest quarter were at 2.67%, which equates to an annual appreciation rate of 11.11%.

Relative to Tennessee, our data show that Collierville's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Collierville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Collierville - 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 Collierville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$396,740

Collierville, TN HOME PRICES

> $1,220,000
0.9%
0.9%
$915,001 - $1,220,000
1.8%
1.8%
$610,001 - $915,000
10.1%
10.1%
$488,001 - $610,000
15.6%
15.6%
$366,001 - $488,000
27.4%
27.4%
$244,001 - $366,000
31.2%
31.2%
$122,001 - $244,000
9.3%
9.3%
$61,001 - $122,000
2.2%
2.2%
$0 - $61,000
1.6%
1.6%
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:
17,204

Collierville 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
64.13% 2.39%
3
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,731 / per month

Homeownership Rate

Owners
79.0%
79.0%
Renters
21.0%
21.0%
Vacant
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
36.0%
36.0%
1970 - 1999
58.2%
58.2%
1940 - 1969
4.6%
4.6%
1939 or Older
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
84.2%
84.2%
Townhomes
2.3%
2.3%
Small Apt. Buildings
5.0%
5.0%
Apt. Complexes
8.2%
8.2%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
3.6%
3.6%
2 Bedrooms
9.9%
9.9%
3 Bedrooms
27.7%
27.7%
4 Bedrooms
41.7%
41.7%
5 or more bedrooms
16.1%
16.1%
0.0% 100.0%
% OF HOMES