The housing market in Cumberland Gap, TN is robust. The current median value of homes in the area is $191,400 while the US median value is $338,100. In the past year, house appreciation in Cumberland Gap has been an impressive 20.45%, significantly higher than the 8.27% national average. This indicates that investments in property are likely to be rewarding in this area and could lead to increased wealth for those who buy into the market early.
The median home cost in Cumberland Gap is $191,400. Home appreciation the last 10 years has been 106.1%. Home Appreciation in Cumberland Gap is up 24.9%.
Average Age of Homes
- The median age of Cumberland Gap real estate is 35 years old
The Rental Market in Cumberland Gap
- Renters make up 55.4% of the Cumberland Gap population
- 0.0% of houses and apartments in Cumberland Gap, 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.