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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,825 people, 1,999 houses or apartments, and a median cost of homes of $219,432, house prices in Mount Pleasant are solidly below the national average.
Single-family detached homes are the single most common housing type in Mount Pleasant, accounting for 66.77% of the city's housing units. Other types of housing that are prevalent in Mount Pleasant include duplexes, homes converted to apartments or other small apartment buildings ( 13.92%), large apartment complexes or high rise apartments ( 9.45%), and a few mobile homes or trailers ( 8.59%).
The most prevalent building size and type in Mount Pleasant are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.59% owning and 39.41% renting.
There is a lot of housing in Mount Pleasant 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 Mount Pleasant built between 1940-1969 ( 30.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.52%). There's also some housing in Mount Pleasant built before 1939 ( 10.17%).
Appreciation rates for homes in Mount Pleasant have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.18%, which ranks in the top 30% nationwide. This equates to an annual average Mount Pleasant house appreciation rate of 7.56%.
Over the last year, Mount Pleasant appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Pleasant's appreciation rate has been 0.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Pleasant were at -1.32%, which equates to an annual appreciation rate of -5.18%.
Notably, Mount Pleasant's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Tennessee, our data show that Mount Pleasant's latest annual appreciation rate is lower than 90% of the other cities and towns in Tennessee.
$219,432
for Tennessee
for nation
1,999
$1,140 / per month