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 1,305, 623 total housing units (homes and apartments), and a median house value of $122,801, house prices in Sneedville are some of the most affordable in Tennessee as well as the nation.
Single-family detached homes are the single most common housing type in Sneedville, accounting for 51.71% of the town's housing units. Other types of housing that are prevalent in Sneedville include duplexes, homes converted to apartments or other small apartment buildings ( 18.23%), mobile homes or trailers ( 14.96%), and a few large apartment complexes or high rise apartments ( 13.39%).
The most prevalent building size and type in Sneedville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 43.88% owning and 56.12% renting.
There is a lot of housing in Sneedville 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 Sneedville built between 1940-1969 ( 27.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.97%). There's also some housing in Sneedville built before 1939 ( 3.13%).
Vacant housing appears to be an issue in Sneedville. Fully 11.25% of the housing stock is classified as vacant. Left unchecked, vacant Sneedville homes and apartments can be a drag on the real estate market, holding Sneedville 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, Sneedville has experienced some of the highest home appreciation rates of any community in the nation. Sneedville real estate appreciated 116.04% over the last ten years, which is an average annual home appreciation rate of 8.01%, putting Sneedville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sneedville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Sneedville appreciation rates have trailed the rest of the nation. In the last twelve months, Sneedville's appreciation rate has been 4.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sneedville were at 2.75%, which equates to an annual appreciation rate of 11.45%.
Relative to Tennessee, our data show that Sneedville's latest annual appreciation rate is lower than 70% of the other cities and towns in Tennessee.
$122,801
for Tennessee
for nation
623
$974 / per month