Housing in Tennessee State is significantly more affordable than the national average, with a median value of $277,400 versus the US median value of $338,100. This affordability is combined with faster-than-average house appreciation rates, with an 11.84% increase over the past year compared to 8.27% nationally. These factors provide potential homeowners in Tennessee State with an attractive opportunity to purchase property at a great value and watch it appreciate quickly as time continues on.
The median home cost in Tennessee is $277,400. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Tennessee is up 23.2%.
Average Age of Homes
- The median age of Tennessee real estate is 34 years old
The Rental Market in Tennessee
- Renters make up 28.8% of the Tennessee population
- 2.1% of houses and apartments in Tennessee, 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.