The housing market in Orme, TN is an incredibly vibrant and growing one. The median value of homes in the area is currently $165,200, which is significantly lower than the US median value of $338,100. However, what is more remarkable is that the one year appreciation rate for homes in Orme stands at an impressive 13.88%, which is almost double the national average of 8.27%. This shows that Orme's housing market has been experiencing a sustained increase in value over the past year. As such, it presents an ideal opportunity for homeowners and investors alike to take advantage of this growth and benefit from it.
The median home cost in Orme is $165,200. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Orme is up 22.8%.
Average Age of Homes
- The median age of Orme real estate is 38 years old
The Rental Market in Orme
- Renters make up 14.3% of the Orme population
- 0.0% of houses and apartments in Orme, 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.