The housing market in Obion, TN is booming. The median value of a house in the area is $106,300, which is significantly lower than the national median value of $338,100. In the past year alone, homes in Obion have experienced an 18.32% appreciation rate compared to just 8.27% for the US as a whole. This increase in home values indicates that Obion is an excellent choice for those looking to invest in real estate. With its low cost of living and strong housing market, Obion is sure to be a desirable option for many potential homeowners.
The median home cost in Obion is $106,300. Home appreciation the last 10 years has been 114.7%. Home Appreciation in Obion is up 25.8%.
Average Age of Homes
- The median age of Obion real estate is 53 years old
The Rental Market in Obion
- Renters make up 25.8% of the Obion population
- 1.8% of houses and apartments in Obion, 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.