Germantown, TN 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Germantown, TN Housing Market Trends

With a population of 39,225, 14,696 total housing units (homes and apartments), and a median house value of $404,539, Germantown house prices are not only among the most expensive in Tennessee, Germantown real estate also is some of the most expensive in all of America.

Germantown is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Germantown than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Germantown. Owner-occupied housing accounts for 85.82% of Germantown's homes, and 71.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Germantown 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 Germantown built between 2000 and later ( 14.30%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.64%).

Germantown Home Appreciation Rates

Appreciation rates for homes in Germantown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 50.60%, which ranks in the top 40% nationwide. This equates to an annual average Germantown house appreciation rate of 4.18%.

NeighborhoodScout's data show that during the latest twelve months, Germantown's appreciation rate, at 9.20%, has been at or slightly above the national average. In the latest quarter, Germantown's appreciation rate has been 3.12%, which annualizes to a rate of 13.10%.

Relative to Tennessee, our data show that Germantown's latest annual appreciation rate is lower than 70% 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 Germantown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Germantown - 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 Germantown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$404,539

Germantown, TN HOME PRICES

> $1,249,000
2.7%
2.7%
$936,001 - $1,249,000
3.1%
3.1%
$624,001 - $936,000
13.9%
13.9%
$499,001 - $624,000
12.2%
12.2%
$375,001 - $499,000
27.5%
27.5%
$250,001 - $375,000
29.7%
29.7%
$125,001 - $250,000
8.7%
8.7%
$62,001 - $125,000
1.6%
1.6%
$0 - $62,000
0.7%
0.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TN

Value Relative To Nation

Number Of Homes And Apartments:
14,696

Germantown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
65.84% 2.38%
3
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,098 / per month

Homeownership Rate

Owners
85.8%
85.8%
Renters
14.2%
14.2%
Vacant
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.3%
14.3%
1970 - 1999
77.4%
77.4%
1940 - 1969
7.6%
7.6%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
83.8%
83.8%
Townhomes
4.2%
4.2%
Small Apt. Buildings
2.1%
2.1%
Apt. Complexes
9.5%
9.5%
Mobile Homes
0.2%
0.2%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
3.9%
3.9%
2 Bedrooms
7.9%
7.9%
3 Bedrooms
19.5%
19.5%
4 Bedrooms
51.6%
51.6%
5 or more bedrooms
16.0%
16.0%
0.0% 100.0%
% OF HOMES