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 2,420 people, 1,319 houses or apartments, and a median cost of homes of $223,402, house prices in Decherd are solidly below the national average.
Single-family detached homes are the single most common housing type in Decherd, accounting for 53.08% of the city's housing units. Other types of housing that are prevalent in Decherd include duplexes, homes converted to apartments or other small apartment buildings ( 32.86%), mobile homes or trailers ( 7.03%), and a few large apartment complexes or high rise apartments ( 5.24%).
People in Decherd primarily live in small (one, two or no bedroom) single-family detached homes. Decherd has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Decherd 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 Decherd built between 1940-1969 ( 23.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.21%). There's also some housing in Decherd built before 1939 ( 5.81%).
In the last 10 years, Decherd has experienced some of the highest home appreciation rates of any community in the nation. Decherd real estate appreciated 129.39% over the last ten years, which is an average annual home appreciation rate of 8.66%, putting Decherd in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Decherd definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Decherd's appreciation rate, at 7.16%, has been at or slightly above the national average. In the latest quarter, Decherd's appreciation rate has been 2.75%, which annualizes to a rate of 11.45%.
Relative to Tennessee, our data show that Decherd's latest annual appreciation rate is higher than 60% of the other cities and towns in Tennessee.
$223,402
for Tennessee
for nation
1,319
$1,466 / per month