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 2,405 people, 957 houses or apartments, and a median cost of homes of $325,154, Strawberry Plains real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Strawberry Plains, accounting for 76.41% of the town's housing units. Other types of housing that are prevalent in Strawberry Plains include mobile homes or trailers ( 21.76%), duplexes, homes converted to apartments or other small apartment buildings ( 1.82%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Strawberry Plains. Owner-occupied housing accounts for 70.11% of Strawberry Plains's homes, and 81.40% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Strawberry Plains 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 Strawberry Plains built between 1940-1969 ( 20.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.31%). There's also some housing in Strawberry Plains built before 1939 ( 5.85%).
In the last 10 years, Strawberry Plains has experienced some of the highest home appreciation rates of any community in the nation. Strawberry Plains real estate appreciated 163.78% over the last ten years, which is an average annual home appreciation rate of 10.19%, putting Strawberry Plains in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Strawberry Plains definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Strawberry Plains that despite a nationwide downturn in the housing market, Strawberry Plains real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Strawberry Plains appreciation rates continue to be some of the highest in America, at 24.65%, which is higher than appreciation rates in 99.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Strawberry Plains. Strawberry Plains appreciation rates in the latest quarter were at 7.45%, which equates to an annual appreciation rate of 33.30%.
Importantly, this makes Strawberry Plains one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Tennessee, our data show that Strawberry Plains's latest annual appreciation rate is higher than 90% of the other cities and towns in Tennessee.
$325,154
for Tennessee
for nation
957
$1,542 / per month