Gates, TN is an attractive place to buy a home due to its relatively low median housing value of $108,200, compared to the US median housing value of $338,100. Furthermore, Gates has seen a higher rate of house appreciation in the past year at 15.27%, which is nearly double the US average of 8.27%. This makes Gates an ideal location for those looking for a great investment opportunity.
The median home cost in Gates is $108,200. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Gates is up 20.2%.
Average Age of Homes
- The median age of Gates real estate is 43 years old
The Rental Market in Gates
- Renters make up 40.4% of the Gates population
- 3.2% of houses and apartments in Gates, 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.