The housing market in Lone Oak, TN is thriving. The median value of homes in the area is $160,000, compared to the US median home value of $338,100. Furthermore, the one year appreciation rate of homes in Lone Oak is 13.88%, much higher than the US average of 8.27%. With such a favorable appreciation rate and reasonable home values, it's no wonder why more and more people are choosing to purchase homes in Lone Oak!
The median home cost in Lone Oak is $160,000. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Lone Oak is up 22.8%.
Average Age of Homes
- The median age of Lone Oak real estate is 26 years old
The Rental Market in Lone Oak
- Renters make up 17.5% of the Lone Oak population
- 0.0% of houses and apartments in Lone Oak, 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.