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 5,259 people, 2,090 houses or apartments, and a median cost of homes of $321,288, Madisonville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Madisonville, accounting for 63.48% of the city's housing units. Other types of housing that are prevalent in Madisonville include mobile homes or trailers ( 15.12%), duplexes, homes converted to apartments or other small apartment buildings ( 13.70%), and a few large apartment complexes or high rise apartments ( 6.01%).
The most prevalent building size and type in Madisonville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.97% owning and 43.03% renting.
There is a lot of housing in Madisonville 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 Madisonville built between 2000 and later ( 24.29%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.08%). There's also some housing in Madisonville built before 1939 ( 2.49%).
In the last 10 years, Madisonville has experienced some of the highest home appreciation rates of any community in the nation. Madisonville real estate appreciated 129.21% over the last ten years, which is an average annual home appreciation rate of 8.65%, putting Madisonville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Madisonville 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, Madisonville's appreciation rate, at 7.46%, has been at or slightly above the national average. In the latest quarter, Madisonville's appreciation rate has been 2.75%, which annualizes to a rate of 11.45%.
Relative to Tennessee, our data show that Madisonville's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.
$321,288
for Tennessee
for nation
2,090
$1,449 / per month