Burns, TN is a great place to invest in property. The median value of housing in Burns is $427,800, significantly higher than the US median of $338,100. This number reflects the strong house appreciation that Burns has experienced over the past year with an impressive 15.74%, far exceeding the US average of 8.27%. With such a high median value and strong appreciation rate, many people are looking to buy and invest in Burns for both short term gains as well as long term stability.
The median home cost in Burns is $427,800. Home appreciation the last 10 years has been 142.5%. Home Appreciation in Burns is up 25.0%.
Average Age of Homes
- The median age of Burns real estate is 39 years old
The Rental Market in Burns
- Renters make up 25.3% of the Burns population
- 3.0% of houses and apartments in Burns, 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.