New Market, TN is an attractive place to purchase a home due to its high median housing value of $237,700, which is significantly higher than the US median housing value of $338,100. This past year has seen an exceptional appreciation in house prices of 21.68% compared to the US 1 year appreciation rate of 8.27%. Despite the news about economic downturns and market slumps, this region is clearly demonstrating positive growth for property investors. With such great potential for return on investment, it's no surprise that New Market is becoming increasingly popular as a destination for real estate buyers and sellers alike.
The median home cost in New Market is $237,700. Home appreciation the last 10 years has been 114.6%. Home Appreciation in New Market is up 27.0%.
Average Age of Homes
- The median age of New Market real estate is 41 years old
The Rental Market in New Market
- Renters make up 14.1% of the New Market population
- 2.2% of houses and apartments in New Market, 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.