0
menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Tellico Plains, TN Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Tellico Plains, TN Housing Market Trends

With 770 people, 476 houses or apartments, and a median cost of homes of $250,725, house prices in Tellico Plains are solidly below the national average.

Single-family detached homes are the single most common housing type in Tellico Plains, accounting for 67.03% of the town's housing units. Other types of housing that are prevalent in Tellico Plains include mobile homes or trailers ( 14.70%), duplexes, homes converted to apartments or other small apartment buildings ( 8.78%), and a few large apartment complexes or high rise apartments ( 7.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tellico Plains. Owner-occupied housing accounts for 71.64% of Tellico Plains's homes, and 51.97% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Tellico Plains 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 Tellico Plains built between 2000 and later ( 27.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.61%). There's also some housing in Tellico Plains built before 1939 ( 10.22%).

Vacant housing appears to be an issue in Tellico Plains. Fully 14.70% of the housing stock is classified as vacant. Left unchecked, vacant Tellico Plains homes and apartments can be a drag on the real estate market, holding Tellico Plains 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.

Tellico Plains Home Appreciation Rates

In the last 10 years, Tellico Plains has experienced some of the highest home appreciation rates of any community in the nation. Tellico Plains real estate appreciated 146.24% over the last ten years, which is an average annual home appreciation rate of 9.43%, putting Tellico Plains in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tellico Plains 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, Tellico Plains's appreciation rate, at 6.20%, has been at or slightly above the national average. In the latest quarter, Tellico Plains's appreciation rate has been 2.75%, which annualizes to a rate of 11.45%.

Relative to Tennessee, our data show that Tellico Plains's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.

Average Home Values

Median Home Value

$250,725

Tellico Plains, TN Home Prices
> $1,544,000
$1,158,001 - $1,544,000
$772,001 - $1,158,000
$618,001 - $772,000
$464,001 - $618,000
$309,001 - $464,000
$155,001 - $309,000
$77,001 - $155,000
$0 - $77,000
0.1%
0.1%
0.0%
0.0%
1.2%
1.2%
6.4%
6.4%
6.4%
6.4%
24.2%
24.2%
31.7%
31.7%
16.1%
16.1%
13.8%
13.8%
0% 100.0%
% of Homes
Average

for Tennessee

Average

for nation

Number of Homes And Apartments:

476

Tellico Plains Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,306 / per month

Homeownership Rate

Owners
Renters
71.6%
71.6%
28.4%
28.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.7%
14.7%
85.3%
85.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.8%
27.8%
41.4%
41.4%
20.6%
20.6%
10.2%
10.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.0%
67.0%
2.0%
2.0%
8.8%
8.8%
7.5%
7.5%
14.7%
14.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
10.6%
10.6%
32.4%
32.4%
40.7%
40.7%
11.3%
11.3%
3.0%
3.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Tellico Plains

Popular Communities Near Tellico Plains, TN

Zip Codes in Tellico Plains, TN