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 1,631 people, 767 houses or apartments, and a median cost of homes of $482,165, Vonore real estate is some of the most expensive in Tennessee, although Vonore home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Vonore, accounting for 60.80% of the town's housing units. Other types of housing that are prevalent in Vonore include mobile homes or trailers ( 15.92%), large apartment complexes or high rise apartments ( 13.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.65%).
The most prevalent building size and type in Vonore are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 51.90% owning and 48.10% renting.
There is a lot of housing in Vonore 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 Vonore built between 2000 and later ( 29.92%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.60%). There's also some housing in Vonore built before 1939 ( 2.53%).
In the last 10 years, Vonore has experienced some of the highest home appreciation rates of any community in the nation. Vonore real estate appreciated 154.05% over the last ten years, which is an average annual home appreciation rate of 9.77%, putting Vonore in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Vonore 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, Vonore's appreciation rate, at 6.78%, has been at or slightly above the national average. In the latest quarter, Vonore's appreciation rate has been 2.75%, which annualizes to a rate of 11.45%.
Relative to Tennessee, our data show that Vonore's latest annual appreciation rate is higher than 60% of the other cities and towns in Tennessee.
$482,165
for Tennessee
for nation
767
$1,266 / per month