Nolensville, 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

Nolensville, TN Housing Market Trends

With a population of 10,062, 2,405 total housing units (homes and apartments), and a median house value of $502,892, Nolensville house prices are not only among the most expensive in Tennessee, Nolensville real estate also is some of the most expensive in all of America.

Nolensville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Nolensville 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 Nolensville. Owner-occupied housing accounts for 90.02% of Nolensville's homes, and 81.94% have either three or four bedrooms, which is average sized relative to America.

Nolensville homes and real estate are some of the newest in America. 73.30% of Nolensville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Nolensville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 25.60%), and between 1940-1969 ( 0.61%).

Nolensville Home Appreciation Rates

In the last 10 years, Nolensville has experienced some of the highest home appreciation rates of any community in the nation. Nolensville real estate appreciated 70.93% over the last ten years, which is an average annual home appreciation rate of 5.51%, putting Nolensville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Nolensville 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, Nolensville's appreciation rate, at 6.25%, has been at or slightly above the national average. In the latest quarter, Nolensville's appreciation rate has been 2.01%, which annualizes to a rate of 8.30%.

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

Average Home Values

 

Median Home Value:
$502,892

Nolensville, TN HOME PRICES

> $1,205,000
3.0%
3.0%
$904,001 - $1,205,000
7.7%
7.7%
$602,001 - $904,000
35.8%
35.8%
$482,001 - $602,000
22.5%
22.5%
$361,001 - $482,000
21.4%
21.4%
$241,001 - $361,000
6.9%
6.9%
$120,001 - $241,000
1.2%
1.2%
$60,001 - $120,000
0.6%
0.6%
$0 - $60,000
0.9%
0.9%
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:
2,405

Nolensville 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
123.92% 3.91%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,041 / per month

Homeownership Rate

Owners
90.0%
90.0%
Renters
10.0%
10.0%
Vacant
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
73.3%
73.3%
1970 - 1999
25.6%
25.6%
1940 - 1969
0.6%
0.6%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
91.4%
91.4%
Townhomes
2.9%
2.9%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.4%
0.4%
Mobile Homes
5.3%
5.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.0%
0.0%
2 Bedrooms
2.4%
2.4%
3 Bedrooms
27.5%
27.5%
4 Bedrooms
54.4%
54.4%
5 or more bedrooms
15.7%
15.7%
0.0% 100.0%
% OF HOMES