The housing market in Friendship, TN is a great option for potential buyers. The median value of a home in Friendship is $122,200, which is significantly lower than the US median of $338,100. Additionally, the one year house appreciation rate for Friendship is 15.27%, which is higher than the US average of 8.27%. This means that buyers would have a high chance of seeing an increase in their home's value when investing in the Friendship housing market.
The median home cost in Friendship is $122,200. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Friendship is up 20.2%.
Average Age of Homes
- The median age of Friendship real estate is 38 years old
The Rental Market in Friendship
- Renters make up 39.4% of the Friendship population
- 3.4% of houses and apartments in Friendship, 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.