Tennessee
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Tennessee Real Estate Market & Appreciation

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

Average Home Values

Median Home Value:
$191,681

Number Of Homes And Apartments:
2,597,292

Tennessee Home Prices

> $1,225,000
1.1%
1.1%
$919,001 - $1,225,000
1.2%
1.2%
$612,678 - $919,000
3.6%
3.6%
$490,001 - $612,677
3.8%
3.8%
$367,537 - $490,000
8.5%
8.5%
$245,001 - $367,536
18.1%
18.1%
$122,539 - $245,000
35.7%
35.7%
$61,194 - $122,538
19.5%
19.5%
$0 - $61,193
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Tennessee Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
2.13% 8.81%
7
Last 12 Months:
2019 Q4 - 2020 Q4
7.15% 7.15%
9
Last 2 Years:
2018 Q4 - 2020 Q4
13.34% 6.46%
9
Last 5 Years:
2015 Q4 - 2020 Q4
38.23% 6.69%
9
Last 10 Years:
2010 Q4 - 2020 Q4
51.37% 4.23%
8
Since 2000:
2000 Q1 - 2020 Q4
103.10% 3.47%
5
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,118 / per month

Homeownership Rate

Owners
64.8%
64.8%
Renters
35.2%
35.2%
Vacant
12.4%
12.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
23.1%
23.1%
1970 - 1999
47.5%
47.5%
1940 - 1969
23.5%
23.5%
1939 or Older
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.6%
68.6%
Townhomes
3.1%
3.1%
Small Apt. Buildings
5.9%
5.9%
Apt. Complexes
13.2%
13.2%
Mobile Homes
9.2%
9.2%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
7.6%
7.6%
2 Bedrooms
25.7%
25.7%
3 Bedrooms
46.2%
46.2%
4 Bedrooms
15.2%
15.2%
5 or more bedrooms
3.7%
3.7%
0.0% 100.0%
% OF HOMES