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 a population of 1,836, 607 total housing units (homes and apartments), and a median house value of $333,805, Baxter real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Baxter, accounting for 69.87% of the town's housing units. Other types of housing that are prevalent in Baxter include mobile homes or trailers ( 15.32%), large apartment complexes or high rise apartments ( 7.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.10%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Baxter. Owner-occupied housing accounts for 71.66% of Baxter's homes, and 57.92% have either three or four bedrooms, which is average sized relative to America.
Baxter homes and real estate are some of the newest in America. 34.94% of Baxter'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 Baxter real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.08%), and between 1940-1969 ( 29.87%). There's also some housing in Baxter built before 1939 ( 3.12%).
Vacant housing appears to be an issue in Baxter. Fully 21.17% of the housing stock is classified as vacant. Left unchecked, vacant Baxter homes and apartments can be a drag on the real estate market, holding Baxter real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Baxter has experienced some of the highest home appreciation rates of any community in the nation. Baxter real estate appreciated 129.28% over the last ten years, which is an average annual home appreciation rate of 8.65%, putting Baxter in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Baxter definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Baxter that despite a nationwide downturn in the housing market, Baxter real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Baxter appreciation rates continue to be some of the highest in America, at 8.88%, which is higher than appreciation rates in 79.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Baxter. Baxter appreciation rates in the latest quarter were at 2.75%, which equates to an annual appreciation rate of 11.45%.
Relative to Tennessee, our data show that Baxter's latest annual appreciation rate is higher than 80% of the other cities and towns in Tennessee.
$333,805
for Tennessee
for nation
607
$1,810 / per month