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 81 people, 45 houses or apartments, and a median cost of homes of $152,082, house prices in Lavinia are some of the most affordable in Tennessee as well as the nation.
Mobile homes or trailers are the single most common housing type in Lavinia, accounting for 73.33% of the town's housing units. Other types of housing that are prevalent in Lavinia include single-family detached homes ( 26.67%).
Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Lavinia. Owner-occupied housing accounts for 100.00% of Lavinia's homes, and 100.00% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lavinia 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 Lavinia built between 2000 and later ( 48.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 0.00%).
In the last 10 years, Lavinia has experienced some of the highest home appreciation rates of any community in the nation. Lavinia real estate appreciated 119.24% over the last ten years, which is an average annual home appreciation rate of 8.17%, putting Lavinia in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lavinia 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, Lavinia appreciation rates have trailed the rest of the nation. In the last twelve months, Lavinia's appreciation rate has been 5.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lavinia were at 2.75%, which equates to an annual appreciation rate of 11.45%.
Relative to Tennessee, our data show that Lavinia's latest annual appreciation rate is lower than 60% of the other cities and towns in Tennessee.
$152,082
for Tennessee
for nation
45
$1,147 / per month