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 39,281 people, 12,980 houses or apartments, and a median cost of homes of $330,462, La Vergne real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in La Vergne, accounting for 80.06% of the city's housing units. Other types of housing that are prevalent in La Vergne include row houses and other attached homes ( 7.61%), mobile homes or trailers ( 5.40%), and a few large apartment complexes or high rise apartments ( 3.81%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in La Vergne. Owner-occupied housing accounts for 71.97% of La Vergne's homes, and 80.44% have either three or four bedrooms, which is average sized relative to America.
La Vergne homes and real estate are some of the newest in America. 50.41% of La Vergne's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the La Vergne real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 43.11%), and between 1940-1969 ( 6.14%).
In the last 10 years, La Vergne has experienced some of the highest home appreciation rates of any community in the nation. La Vergne real estate appreciated 174.03% over the last ten years, which is an average annual home appreciation rate of 10.61%, putting La Vergne in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Vergne 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, La Vergne appreciation rates have trailed the rest of the nation. In the last twelve months, La Vergne's appreciation rate has been 3.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in La Vergne were at 1.16%, which equates to an annual appreciation rate of 4.72%.
Relative to Tennessee, our data show that La Vergne's latest annual appreciation rate is lower 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 La Vergne differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in La Vergne - 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 La Vergne real estate investment or home purchase decisions.
$330,462
for Tennessee
for nation
12,980
$3,029 / per month