Germantown, TN is known for its high housing value. The median house value in the area is $480,000 which is above the US median of $338,100. In addition to higher values, homes in Germantown have seen an appreciation rate of 15.04% over one year compared to the US average of 8.27%. This makes homes in Germantown a great investment for anyone looking to own property in the area.
The median home cost in Germantown is $480,000. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Germantown is up 15.0%.
Average Age of Homes
- The median age of Germantown real estate is 35 years old
The Rental Market in Germantown
- Renters make up 12.6% of the Germantown population
- 1.8% of houses and apartments in Germantown, 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.