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 6,340 people, 2,543 houses or apartments, and a median cost of homes of $206,655, house prices in Kingston are solidly below the national average.
Single-family detached homes are the single most common housing type in Kingston, accounting for 77.79% of the city's housing units. Other types of housing that are prevalent in Kingston include large apartment complexes or high rise apartments ( 9.57%), row houses and other attached homes ( 5.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.86%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kingston. Owner-occupied housing accounts for 76.12% of Kingston's homes, and 70.04% 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. Kingston's housing was primarily built during this period, from the '40s through the '60s. A full 41.19% of the city's housing hails from this era. Other housing ages represented in Kingston include homes built between 1970-1999 ( 38.93%) and housing constructed between 2000 and later ( 19.21%).
Appreciation rates for homes in Kingston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.76%, which ranks in the top 40% nationwide. This equates to an annual average Kingston house appreciation rate of 7.32%.
Over the last year, Kingston appreciation rates have trailed the rest of the nation. In the last twelve months, Kingston's appreciation rate has been 3.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kingston were at 2.07%, which equates to an annual appreciation rate of 8.52%.
Importantly, this makes Kingston 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 Kingston's latest annual appreciation rate is lower than 50% 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 Kingston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kingston - 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 Kingston real estate investment or home purchase decisions.
$206,655
for Tennessee
for nation
2,543
$1,080 / per month