The housing market in Lookout Mountain, GA is an attractive option for potential homebuyers due to its higher-than-average median value of $371,800 compared to the US House Median Value of $338,100. Over the past year, the US house appreciation rate was 8.27%, while in Lookout Mountain it was 14.09%. This tells us that homes there not only have a higher value but are also increasing in value at a greater rate than the national average.
The median home cost in Lookout Mountain is $371,800. Home appreciation the last 10 years has been 103.4%. Home Appreciation in Lookout Mountain is up 20.8%.
Average Age of Homes
- The median age of Lookout Mountain real estate is 61 years old
The Rental Market in Lookout Mountain
- Renters make up 14.1% of the Lookout Mountain population
- 0.6% of houses and apartments in Lookout Mountain, 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.