How 2021 population, housing growth rates compare
Last month, new Census data provided a base to compare some regional annual population gains to home sales and prices growth rates.
Only four of the counties monitored by NETAR had population gains. The county with the highest 2021 growth rate was Hawkins. The county with the highest price growth rate was Greene Co.
Here’s how those counties’ new population numbers look when the growth rate, number of new residents, annual home sales, and the annual median sales price growth are added to the mix:
Population up 1% – up 567 people
Home sales – up 12.6% – up 80 sales
Median sales price, up 15.8% – up $25,050
Population up 0.9% – up 1,235 people.
Home sales – up 0.9% – up 333 sales
Median sales price, up 17.8% – up $35,500
Population up 0.7% – 1,102 people
Home sales – up 9.5% – up 246 sales
Median sales price, up 13.7% – up $23,500
Population up 0.7% – 469 people
Home sales – up 5% – up 42 sales
Median sales price – up 23.6% – $40,050
Last year’s total population gain for the region was 3,373. Sales increased by 991 and the median sales price gained $29,900.
NETAR is the voice for real estate in Northeast Tennessee. It is the largest trade association in the Northeast Tennessee, Southwest Virginia region, representing over 1,600+ members and 100+ business partners involved in all aspects of the residential and commercial real estate industries. Weekly market reports and information for both consumers and members are available on the NETAR website at https://netar.us