McMinnville, TN is an area with a thriving housing market. The median value of homes in McMinnville is currently $207,100, which is significantly lower than the U.S. median value of $338,100. Over the last year, house appreciation in McMinnville has been strong at 17.31%, while the national average was 8.27%. With a significantly lower cost of living and strong appreciation potential, McMinnville offers an attractive option for those looking to purchase a home in the region.
The median home cost in McMinnville is $207,100. Home appreciation the last 10 years has been 152.0%. Home Appreciation in McMinnville is up 25.7%.
Average Age of Homes
- The median age of McMinnville real estate is 48 years old
The Rental Market in McMinnville
- Renters make up 40.6% of the McMinnville population
- 2.4% of houses and apartments in McMinnville, 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.