The housing market in Cookeville, TN is a booming one. The median value for housing currently stands at $287,300, which is significantly lower than the US median value of $338,100. However, what really sets Cookeville apart from the rest of the nation is its appreciation rate over the last year. At 19.24%, it has far outpaced the national average of 8.27%, making it an attractive option for those looking to invest in real estate. With such a vibrant housing market and strong appreciation rate, Cookeville presents a great opportunity for those looking to buy or invest in property in the area.
The median home cost in Cookeville is $287,300. Home appreciation the last 10 years has been 111.1%. Home Appreciation in Cookeville is up 25.2%.
Average Age of Homes
- The median age of Cookeville real estate is 35 years old
The Rental Market in Cookeville
- Renters make up 52.4% of the Cookeville population
- 2.4% of houses and apartments in Cookeville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.