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 763 people, 303 houses or apartments, and a median cost of homes of $289,366, Lyles 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 Lyles, accounting for 55.83% of the town's housing units. Other types of housing that are prevalent in Lyles include mobile homes or trailers ( 44.17%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lyles. Owner-occupied housing accounts for 73.60% of Lyles's homes, and 67.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lyles 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 Lyles built before 1939 ( 15.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.01%). There's also some housing in Lyles built between 1940-1969 ( 3.25%).
Vacant housing appears to be an issue in Lyles. Fully 17.89% of the housing stock is classified as vacant. Left unchecked, vacant Lyles homes and apartments can be a drag on the real estate market, holding Lyles 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, Lyles has experienced some of the highest home appreciation rates of any community in the nation. Lyles real estate appreciated 141.10% over the last ten years, which is an average annual home appreciation rate of 9.20%, putting Lyles in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lyles 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, Lyles appreciation rates have trailed the rest of the nation. In the last twelve months, Lyles's appreciation rate has been 5.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lyles were at 2.75%, which equates to an annual appreciation rate of 11.45%.
Relative to Tennessee, our data show that Lyles's latest annual appreciation rate is lower than 70% of the other cities and towns in Tennessee.
$289,366
for Tennessee
for nation
303
$1,345 / per month