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 10,245 people, 4,321 houses or apartments, and a median cost of homes of $235,554, house prices in Clinton are solidly below the national average.
Single-family detached homes are the single most common housing type in Clinton, accounting for 66.15% of the city's housing units. Other types of housing that are prevalent in Clinton include large apartment complexes or high rise apartments ( 19.66%), duplexes, homes converted to apartments or other small apartment buildings ( 7.80%), and a few mobile homes or trailers ( 5.43%).
The most prevalent building size and type in Clinton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.02% owning and 40.98% renting.
There is a lot of housing in Clinton 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 Clinton built between 1940-1969 ( 24.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.82%). There's also some housing in Clinton built before 1939 ( 4.90%).
Vacant housing appears to be an issue in Clinton. Fully 11.78% of the housing stock is classified as vacant. Left unchecked, vacant Clinton homes and apartments can be a drag on the real estate market, holding Clinton 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, Clinton has experienced some of the highest home appreciation rates of any community in the nation. Clinton real estate appreciated 118.85% over the last ten years, which is an average annual home appreciation rate of 8.15%, putting Clinton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Clinton 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 Clinton that despite a nationwide downturn in the housing market, Clinton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clinton appreciation rates continue to be some of the highest in America, at 10.08%, which is higher than appreciation rates in 87.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clinton. Clinton appreciation rates in the latest quarter were at 1.91%, which equates to an annual appreciation rate of 7.87%.
Relative to Tennessee, our data show that Clinton's latest annual appreciation rate is higher than 80% 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 Clinton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clinton - 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 Clinton real estate investment or home purchase decisions.
$235,554
for Tennessee
for nation
4,321
$1,564 / per month