Jellico, TN has a median house value of $111,300 which is significantly lower than the US House Median Value of $338,100. However, the 1 year house appreciation in Jellico, TN is much higher at 20.45% as compared to the US 1 year house appreciation of 8.27%. This indicates that despite its lower initial price point, Jellico real estate is a hot commodity and may be worth investing in as an opportunity for rapid return.
The median home cost in Jellico is $111,300. Home appreciation the last 10 years has been 106.1%. Home Appreciation in Jellico is up 24.9%.
Average Age of Homes
- The median age of Jellico real estate is 44 years old
The Rental Market in Jellico
- Renters make up 34.6% of the Jellico population
- 5.3% of houses and apartments in Jellico, 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.