The housing market in Tennessee, IL is quite affordable with a median value of $65,600, considerably lower than the US median of $338,100. The US 1 year house appreciation rate is 8.27%, while the 1 year house appreciation rate in Tennessee, IL is 7.86%. This shows that the real estate market in Tennessee is very competitive and offers great potential for buyers looking to invest in the area. Overall, Tennessee is an excellent place for those who are looking for a home at an affordable price point.
The median home cost in Tennessee is $65,600. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Tennessee is up 14.9%.
Average Age of Homes
- The median age of Tennessee real estate is 46 years old
The Rental Market in Tennessee
- Renters make up 13.8% of the Tennessee population
- 0.0% of houses and apartments in Tennessee, 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.