The housing market in Norris, TN is very strong. The median value of homes in Norris, TN is $384,300, which is substantially higher than the US House Median Value of $338,100. Additionally, the 1 year house appreciation rate in Norris is 21.57%, much higher than the 8.27% appreciation rate seen across the US. This suggests that homes in Norris are increasing significantly more in value than the rest of the country. It appears to be a great time to invest in real estate in Norris, TN.
The median home cost in Norris is $384,300. Home appreciation the last 10 years has been 113.9%. Home Appreciation in Norris is up 26.8%.
Average Age of Homes
- The median age of Norris real estate is 55 years old
The Rental Market in Norris
- Renters make up 24.0% of the Norris population
- 2.0% of houses and apartments in Norris, 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.