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 a population of 8,199, 2,605 total housing units (homes and apartments), and a median house value of $666,717, Thompson's Station house prices are not only among the most expensive in Tennessee, Thompson's Station 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 Thompson's Station, accounting for 67.24% of the town's housing units. Other types of housing that are prevalent in Thompson's Station include row houses and other attached homes ( 19.81%), large apartment complexes or high rise apartments ( 12.95%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Thompson's Station. Owner-occupied housing accounts for 75.39% of Thompson's Station's homes, and 76.81% have either three or four bedrooms, which is average sized relative to America.
Thompson's Station homes and real estate are some of the newest in America. 74.11% of Thompson's Station's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Thompson's Station real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 21.20%), and before 1939 ( 3.98%).
In the last 10 years, Thompson's Station has experienced some of the highest home appreciation rates of any community in the nation. Thompson's Station real estate appreciated 141.63% over the last ten years, which is an average annual home appreciation rate of 9.22%, putting Thompson's Station in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Thompson's Station definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Thompson's Station's appreciation rate, at 5.44%, has been at or slightly above the national average. In the latest quarter, Thompson's Station's appreciation rate has been 1.16%, which annualizes to a rate of 4.72%.
Relative to Tennessee, our data show that Thompson's Station's latest annual appreciation rate is lower than 60% of the other cities and towns in Tennessee.
$666,717
for Tennessee
for nation
2,605
$3,749 / per month