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 15,614, 6,076 total housing units (homes and apartments), and a median house value of $296,470, Greeneville 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 Greeneville, accounting for 66.08% of the town's housing units. Other types of housing that are prevalent in Greeneville include large apartment complexes or high rise apartments ( 17.64%), duplexes, homes converted to apartments or other small apartment buildings ( 10.31%), and a few mobile homes or trailers ( 3.25%).
The most prevalent building size and type in Greeneville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.15% owning and 43.85% renting.
There is a lot of housing in Greeneville 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 Greeneville built between 1940-1969 ( 37.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.14%). There's also some housing in Greeneville built before 1939 ( 6.92%).
Vacant housing appears to be an issue in Greeneville. Fully 11.52% of the housing stock is classified as vacant. Left unchecked, vacant Greeneville homes and apartments can be a drag on the real estate market, holding Greeneville 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.
Appreciation rates for homes in Greeneville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.39%, which ranks in the top 30% nationwide. This equates to an annual average Greeneville house appreciation rate of 7.57%.
NeighborhoodScout's data show that during the latest twelve months, Greeneville's appreciation rate, at 7.30%, has been at or slightly above the national average. In the latest quarter, Greeneville's appreciation rate has been 2.75%, which annualizes to a rate of 11.45%.
Relative to Tennessee, our data show that Greeneville's latest annual appreciation rate is higher than 60% of the other cities and towns in Tennessee.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Greeneville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greeneville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Greeneville real estate investment or home purchase decisions.
$296,470
for Tennessee
for nation
6,076
$1,133 / per month