The housing market in Tellico Village, TN is strong with a median value of $435,900 which far surpasses the US house median value of $338,100. In the past year alone, the appreciation rate for homes in Tellico Village increased by 20.45%, significantly higher than the US 1 year appreciation rate of 8.27%. This makes it a great time to buy a home in Tellico Village as prices are anticipated to continue on an upward trend.
The median home cost in Tellico Village is $435,900. Home appreciation the last 10 years has been 106.1%. Home Appreciation in Tellico Village is up 24.9%.
Average Age of Homes
- The median age of Tellico Village real estate is 16 years old
The Rental Market in Tellico Village
- Renters make up 3.7% of the Tellico Village population
- 2.7% of houses and apartments in Tellico Village, 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.