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 11,255, 4,155 total housing units (homes and apartments), and a median house value of $421,560, Collegedale real estate is some of the most expensive in Tennessee, although Collegedale home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Collegedale, accounting for 41.59% of the city's housing units. Other types of housing that are prevalent in Collegedale include large apartment complexes or high rise apartments ( 34.45%), duplexes, homes converted to apartments or other small apartment buildings ( 12.29%), and a few row houses and other attached homes ( 6.54%).
Collegedale is dominated by renter-occupied one, two, or no bedrooms apartments. 65.50% of Collegedale's dwellings are rentals.
Collegedale homes and real estate are some of the newest in America. 58.61% of Collegedale's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Collegedale real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.18%), and between 1940-1969 ( 12.76%). There's also some housing in Collegedale built before 1939 ( 1.46%).
Appreciation rates for homes in Collegedale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 111.53%, which ranks in the top 30% nationwide. This equates to an annual average Collegedale house appreciation rate of 7.78%.
Appreciation rates are so strong in Collegedale that despite a nationwide downturn in the housing market, Collegedale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Collegedale appreciation rates continue to be some of the highest in America, at 8.68%, which is higher than appreciation rates in 77.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Collegedale. Collegedale 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 Collegedale's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.
$421,560
for Tennessee
for nation
4,155
$1,814 / per month