In SmartAsset's yearly ranking, Bartlett, TN came in as the second healthiest housing market in the state. SmartAsset explains "a healthy housing market is both stable and affordable," so the statistics that were used relate to the market's stability, affordability, fluidity and risk. Below are some of the numbers that put Bartlett near the top of the list.
Average Years living in Home: 15 years
Average days on Market: 74.6
Homes Decreasing in Value: 6.4%
Average Homes with Negative Equity: 8.9%
Home Costs as % of Income: 19.2%
There are many housing options in Bartlett. Whether you want a zero lot line, or you want to spread out on an acre lot, Bartlett contains a variety of options that come at a variety of price points. In 2018 the average price of a home sold in Bartlett was $228,000. The lowest price home sold was $32,500 and the highest price was $484,000. This offers access for first time home-owners as well as business executives and everyone in between. With one of the county's best school systems and city services, Bartlett's housing market is a clear sign of the economic strength of the city.
Surface Dynamics announced that they will invest nearly $10 Million, and create 110 new jobs at their Bartlett facility in the next five years. This announcement comes following steady growth by the local facility in the last three years, as well as recent acquisitions by the international parent company, UnitedCoatings Group.
Surface Dynamics has grown their local employment by 300% in the last three years, and now they are set to add to that number even more. The company provides plasma coatings to medical devices and surgical equipment. They are an active corporate citizen, as a member of both the Bartlett Area Chamber of Commerce and the Greater Memphis Medical Device Council. Their continued growth will benefit the local economy by providing quality, high skilled jobs to local residents, and providing a specialty service to the medical device manufacturers in the area.
See more details about their recent announcement with TN ECD here, and read the local story from the Memphis Business Journal.