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 586 people, 269 houses or apartments, and a median cost of homes of $300,313, McDonald 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 McDonald, accounting for 93.40% of the town's housing units. Other types of housing that are prevalent in McDonald include mobile homes or trailers ( 6.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in McDonald. Owner-occupied housing accounts for 84.39% of McDonald's homes, and 66.32% have either three or four bedrooms, which is average sized relative to America.
The housing in McDonald was primarily built before 1939 ( 29.51%), making the housing stock in McDonald some of the oldest overall in America, although there is a range of ages of homes in McDonald. The next most important housing age is between 1940-1969 ( 25.69%), followed by between 1970-1999 ( 25.00%). There's also some housing in McDonald built between 2000 and later ( 19.79%).
Appreciation rates for homes in McDonald have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.13%, which ranks in the top 40% nationwide. This equates to an annual average McDonald house appreciation rate of 6.97%.
Over the last year, McDonald appreciation rates have trailed the rest of the nation. In the last twelve months, McDonald's appreciation rate has been 4.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McDonald were at -2.43%, which equates to an annual appreciation rate of -9.37%.
Notably, McDonald's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Tennessee, our data show that McDonald's latest annual appreciation rate is lower than 70% of the other cities and towns in Tennessee.
$300,313
for Tennessee
for nation
269
$1,711 / per month