Medina, TN has a high median housing value, with the current value at $266,600. This is significantly lower than the national median housing value of $338,100. However, in the past year there has been a 19.25% appreciation rate in Medina's housing market, which is 11% higher than the national rate of 8.27%. This makes Medina an attractive option for potential home buyers looking to invest in real estate and take advantage of the potential returns that come with it.
The median home cost in Medina is $266,600. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Medina is up 24.9%.
Average Age of Homes
- The median age of Medina real estate is 14 years old
The Rental Market in Medina
- Renters make up 14.0% of the Medina population
- 2.3% of houses and apartments in Medina, 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.