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 13,159 people, 5,115 houses or apartments, and a median cost of homes of $395,356, Soddy-Daisy real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Soddy-Daisy, accounting for 75.90% of the city's housing units. Other types of housing that are prevalent in Soddy-Daisy include mobile homes or trailers ( 15.37%), duplexes, homes converted to apartments or other small apartment buildings ( 4.30%), and a few large apartment complexes or high rise apartments ( 3.93%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Soddy-Daisy. Owner-occupied housing accounts for 76.03% of Soddy-Daisy's homes, and 72.31% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Soddy-Daisy 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 Soddy-Daisy built between 1940-1969 ( 25.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.14%). There's also some housing in Soddy-Daisy built before 1939 ( 5.40%).
Appreciation rates for homes in Soddy-Daisy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 113.26%, which ranks in the top 30% nationwide. This equates to an annual average Soddy-Daisy house appreciation rate of 7.87%.
Appreciation rates are so strong in Soddy-Daisy that despite a nationwide downturn in the housing market, Soddy-Daisy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Soddy-Daisy appreciation rates continue to be some of the highest in America, at 10.71%, which is higher than appreciation rates in 90.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Soddy-Daisy. Soddy-Daisy appreciation rates in the latest quarter were at 0.83%, which equates to an annual appreciation rate of 3.37%.
Relative to Tennessee, our data show that Soddy-Daisy's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within Soddy-Daisy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Soddy-Daisy - 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 Soddy-Daisy real estate investment or home purchase decisions.
$395,356
for Tennessee
for nation
5,115
$1,745 / per month