The housing market in La Follette, TN is booming. The median value of homes in the area is $134,500 which is significantly lower than the US median house value of $338,100. What's more, the 1 year appreciation rate for houses in La Follette was a whopping 20.45% compared to 8.27% nationally. This makes La Follette an attractive option for potential home buyers as they can get more house at a cheaper price with higher returns on their investment.
The median home cost in La Follette is $134,500. Home appreciation the last 10 years has been 106.1%. Home Appreciation in La Follette is up 24.9%.
Average Age of Homes
- The median age of La Follette real estate is 45 years old
The Rental Market in La Follette
- Renters make up 47.7% of the La Follette population
- 3.7% of houses and apartments in La Follette, 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.