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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Tennessee Colony, TX Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Tennessee Colony, TX Housing Market Trends

With a population of 11,421, 1,922 total housing units (homes and apartments), and a median house value of $145,277, house prices in Tennessee Colony are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Tennessee Colony, accounting for 54.98% of the town's housing units. Other types of housing that are prevalent in Tennessee Colony include mobile homes or trailers ( 35.94%), duplexes, homes converted to apartments or other small apartment buildings ( 1.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tennessee Colony. Owner-occupied housing accounts for 74.71% of Tennessee Colony's homes, and 71.18% have either three or four bedrooms, which is average sized relative to America.

Tennessee Colony homes and real estate are some of the newest in America. 43.93% of Tennessee Colony's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Tennessee Colony real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.98%), and between 1940-1969 ( 17.99%). There's also some housing in Tennessee Colony built before 1939 ( 5.10%).

Vacant housing appears to be an issue in Tennessee Colony. Fully 25.16% of the housing stock is classified as vacant. Left unchecked, vacant Tennessee Colony homes and apartments can be a drag on the real estate market, holding Tennessee Colony 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.

Tennessee Colony Home Appreciation Rates

Appreciation rates for homes in Tennessee Colony have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.51%, which ranks in the top 40% nationwide. This equates to an annual average Tennessee Colony house appreciation rate of 7.10%.

NeighborhoodScout's data show that during the latest twelve months, Tennessee Colony's appreciation rate, at 5.68%, has been at or slightly above the national average. In the latest quarter, Tennessee Colony's appreciation rate has been 1.51%, which annualizes to a rate of 6.17%.

Relative to Texas, our data show that Tennessee Colony's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$145,277

Tennessee Colony, TX Home Prices
> $1,289,000
$967,001 - $1,289,000
$645,001 - $967,000
$516,001 - $645,000
$387,001 - $516,000
$258,001 - $387,000
$129,001 - $258,000
$64,001 - $129,000
$0 - $64,000
0.7%
0.7%
0.0%
0.0%
1.9%
1.9%
5.0%
5.0%
10.2%
10.2%
31.9%
31.9%
15.6%
15.6%
21.6%
21.6%
13.2%
13.2%
0% 100.0%
% of Homes
Very Low

for Texas

Very Low

for nation

Number of Homes And Apartments:

1,922

Tennessee Colony Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,465 / per month

Homeownership Rate

Owners
Renters
74.7%
74.7%
25.3%
25.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
25.2%
25.2%
74.8%
74.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
43.9%
43.9%
33.0%
33.0%
18.0%
18.0%
5.1%
5.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.0%
55.0%
0.7%
0.7%
2.0%
2.0%
0.5%
0.5%
35.9%
35.9%
5.9%
5.9%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
14.6%
14.6%
11.4%
11.4%
56.8%
56.8%
14.4%
14.4%
1.2%
1.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Tennessee Colony

Popular Communities Near Tennessee Colony, TX

Zip Codes in Tennessee Colony, TX