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 649, 244 total housing units (homes and apartments), and a median house value of $393,556, Adams real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Adams, accounting for 79.58% of the city's housing units. Other types of housing that are prevalent in Adams include mobile homes or trailers ( 20.42%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Adams. Owner-occupied housing accounts for 86.78% of Adams's homes, and 60.21% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Adams 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 Adams built before 1939 ( 31.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.01%). There's also some housing in Adams built between 2000 and later ( 8.45%).
Vacant housing appears to be an issue in Adams. Fully 14.08% of the housing stock is classified as vacant. Left unchecked, vacant Adams homes and apartments can be a drag on the real estate market, holding Adams 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.
In the last 10 years, Adams has experienced some of the highest home appreciation rates of any community in the nation. Adams real estate appreciated 124.78% over the last ten years, which is an average annual home appreciation rate of 8.44%, putting Adams in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Adams definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Adams appreciation rates have trailed the rest of the nation. In the last twelve months, Adams's appreciation rate has been 4.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Adams were at 1.16%, which equates to an annual appreciation rate of 4.72%.
Relative to Tennessee, our data show that Adams's latest annual appreciation rate is lower than 70% of the other cities and towns in Tennessee.
$393,556
for Tennessee
for nation
244
$1,736 / per month