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 42,548 people, 14,446 houses or apartments, and a median cost of homes of $564,795, Mount Juliet house prices are not only among the most expensive in Tennessee, Mount Juliet real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Mount Juliet, accounting for 75.70% of the city's housing units. Other types of housing that are prevalent in Mount Juliet include large apartment complexes or high rise apartments ( 14.32%), row houses and other attached homes ( 6.17%), and a few mobile homes or trailers ( 2.22%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Juliet. Owner-occupied housing accounts for 75.54% of Mount Juliet's homes, and 72.56% have either three or four bedrooms, which is average sized relative to America.
Mount Juliet homes and real estate are some of the newest in America. 63.22% of Mount Juliet'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 Mount Juliet real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.22%), and between 1940-1969 ( 3.14%).
In the last 10 years, Mount Juliet has experienced some of the highest home appreciation rates of any community in the nation. Mount Juliet real estate appreciated 130.25% over the last ten years, which is an average annual home appreciation rate of 8.70%, putting Mount Juliet in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mount Juliet 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, Mount Juliet appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Juliet's appreciation rate has been 5.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Juliet were at 1.16%, which equates to an annual appreciation rate of 4.72%.
Relative to Tennessee, our data show that Mount Juliet's latest annual appreciation rate is lower than 60% 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 Mount Juliet differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Juliet - 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 Mount Juliet real estate investment or home purchase decisions.
$564,795
for Tennessee
for nation
14,446
$3,106 / per month