Parsons, TN is an attractive market for housing investments. The median value of a house in Parsons currently stands at $126,100, which is much lower than the US median value of $338,100. This makes buying a house in Parsons more affordable compared to other cities in the country. In addition to being more affordable, the appreciation for homes over the past year has been higher than that of the US average, with a rate of 19.25% compared to 8.27%. Investing in real estate in Parsons can be a great option for potential buyers and investors due to its low median house value and high annual appreciation rate.
The median home cost in Parsons is $126,100. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Parsons is up 24.9%.
Average Age of Homes
- The median age of Parsons real estate is 42 years old
The Rental Market in Parsons
- Renters make up 29.1% of the Parsons population
- 1.6% of houses and apartments in Parsons, 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.