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 903 people, 384 houses or apartments, and a median cost of homes of $133,313, house prices in Collinwood are some of the most affordable in Tennessee as well as the nation.
Single-family detached homes are the single most common housing type in Collinwood, accounting for 86.62% of the city's housing units. Other types of housing that are prevalent in Collinwood include mobile homes or trailers ( 8.92%), duplexes, homes converted to apartments or other small apartment buildings ( 4.46%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Collinwood. Owner-occupied housing accounts for 75.78% of Collinwood's homes, and 64.97% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Collinwood's housing was primarily built during this period, from the '40s through the '60s. A full 47.56% of the city's housing hails from this era. Other housing ages represented in Collinwood include homes built between 1970-1999 ( 34.82%) and housing constructed before 1939 ( 12.95%). There's also some housing in Collinwood built between 2000 and later ( 4.67%).
Vacant housing appears to be an issue in Collinwood. Fully 18.47% of the housing stock is classified as vacant. Left unchecked, vacant Collinwood homes and apartments can be a drag on the real estate market, holding Collinwood 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, Collinwood has experienced some of the highest home appreciation rates of any community in the nation. Collinwood real estate appreciated 132.86% over the last ten years, which is an average annual home appreciation rate of 8.82%, putting Collinwood in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Collinwood definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Collinwood that despite a nationwide downturn in the housing market, Collinwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Collinwood appreciation rates continue to be some of the highest in America, at 5.91%, which is higher than appreciation rates in 88.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Collinwood. Collinwood appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.
Importantly, this makes Collinwood one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Tennessee, our data show that Collinwood's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.
$133,313
for Tennessee
for nation
384
$889 / per month