The housing market in Rives, TN is a great place to live and invest. The median house value here is significantly lower than the US median, making it much more affordable for those looking to purchase or rent. In the past year alone, the house appreciation rate has been 18.32%, more than double the US average. This means that Rives, TN is a great place to invest in real estate with potentially high returns in a short amount of time. It also makes it an attractive option for first time home buyers who want to take advantage of the low prices and potentially high appreciation rates.
The median home cost in Rives is $120,700. Home appreciation the last 10 years has been 114.7%. Home Appreciation in Rives is up 25.8%.
Average Age of Homes
- The median age of Rives real estate is 50 years old
The Rental Market in Rives
- Renters make up 26.2% of the Rives population
- 12.2% of houses and apartments in Rives, 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.