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 297 people, 115 houses or apartments, and a median cost of homes of $280,711, Butler real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Butler, accounting for 84.10% of the town's housing units. Other types of housing that are prevalent in Butler include mobile homes or trailers ( 15.90%).
People in Butler primarily live in small (one, two or no bedroom) single-family detached homes. Butler has a mixture of owner-occupied and renter-occupied housing.
The housing in Butler was primarily built before 1939 ( 35.90%), making the housing stock in Butler some of the oldest overall in America, although there is a range of ages of homes in Butler. The next most important housing age is between 1970-1999 ( 31.79%), followed by between 1940-1969 ( 18.97%). There's also some housing in Butler built between 2000 and later ( 13.33%).
Vacant housing appears to be an issue in Butler. Fully 41.03% of the housing stock is classified as vacant. Left unchecked, vacant Butler homes and apartments can be a drag on the real estate market, holding Butler 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, Butler has experienced some of the highest home appreciation rates of any community in the nation. Butler real estate appreciated 144.33% over the last ten years, which is an average annual home appreciation rate of 9.34%, putting Butler in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Butler 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, Butler's appreciation rate, at 6.15%, has been at or slightly above the national average. In the latest quarter, Butler's appreciation rate has been 2.66%, which annualizes to a rate of 11.08%.
Relative to Tennessee, our data show that Butler's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.
$280,711
for Tennessee
for nation
115
$1,121 / per month