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 367 people, 143 houses or apartments, and a median cost of homes of $235,450, house prices in Burlison are solidly below the national average.
Single-family detached homes are the single most common housing type in Burlison, accounting for 95.06% of the town's housing units. Other types of housing that are prevalent in Burlison include mobile homes or trailers ( 4.94%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Burlison. Owner-occupied housing accounts for 67.83% of Burlison's homes, and 70.37% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Burlison 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 Burlison built between 1940-1969 ( 31.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.28%).
Vacant housing appears to be an issue in Burlison. Fully 11.73% of the housing stock is classified as vacant. Left unchecked, vacant Burlison homes and apartments can be a drag on the real estate market, holding Burlison 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.
Appreciation rates for homes in Burlison have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.31%, which ranks in the top 40% nationwide. This equates to an annual average Burlison house appreciation rate of 6.98%.
Over the last year, Burlison appreciation rates have trailed the rest of the nation. In the last twelve months, Burlison's appreciation rate has been 3.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Burlison were at 0.51%, which equates to an annual appreciation rate of 2.05%.
Notably, Burlison's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Tennessee, our data show that Burlison's latest annual appreciation rate is lower than 80% of the other cities and towns in Tennessee.
$235,450
for Tennessee
for nation
143
$1,367 / per month