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 Q1 2021. 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:
$193,409

Number Of Homes And Apartments:
2,597,292

Tennessee Home Prices

> $1,239,572
1.1%
1.1%
$929,720 - $1,239,572
1.2%
1.2%
$619,725 - $929,719
3.6%
3.6%
$495,965 - $619,724
3.8%
3.8%
$372,001 - $495,964
8.5%
8.5%
$248,001 - $372,000
18.1%
18.1%
$124,001 - $248,000
35.7%
35.7%
$62,001 - $124,000
19.5%
19.5%
$0 - $62,000
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 Q4 - 2021 Q1
2.51% 10.43%
7
Last 12 Months:
2020 Q1 - 2021 Q1
8.23% 8.23%
8
Last 2 Years:
2019 Q1 - 2021 Q1
15.14% 7.31%
9
Last 5 Years:
2016 Q1 - 2021 Q1
39.56% 6.89%
9
Last 10 Years:
2011 Q1 - 2021 Q1
58.60% 4.72%
8
Since 2000:
2000 Q1 - 2021 Q1
107.79% 3.54%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,117 / 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