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 5,716 people, 1,928 houses or apartments, and a median cost of homes of $293,322, Dunlap real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Dunlap, accounting for 63.59% of the city's housing units. Other types of housing that are prevalent in Dunlap include mobile homes or trailers ( 21.56%), duplexes, homes converted to apartments or other small apartment buildings ( 9.70%), and a few row houses and other attached homes ( 3.46%).
The most prevalent building size and type in Dunlap are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.66% owning and 42.34% renting.
There is a lot of housing in Dunlap 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 Dunlap built between 2000 and later ( 26.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.47%). There's also some housing in Dunlap built before 1939 ( 3.03%).
Vacant housing appears to be an issue in Dunlap. Fully 16.54% of the housing stock is classified as vacant. Left unchecked, vacant Dunlap homes and apartments can be a drag on the real estate market, holding Dunlap 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, Dunlap has experienced some of the highest home appreciation rates of any community in the nation. Dunlap real estate appreciated 139.60% over the last ten years, which is an average annual home appreciation rate of 9.13%, putting Dunlap in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dunlap 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 Dunlap that despite a nationwide downturn in the housing market, Dunlap real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dunlap appreciation rates continue to be some of the highest in America, at 10.18%, which is higher than appreciation rates in 88.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dunlap. Dunlap 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 Dunlap's latest annual appreciation rate is higher than 80% of the other cities and towns in Tennessee.
$293,322
for Tennessee
for nation
1,928
$1,410 / per month