Benton, TN is a great place for potential home buyers and investors alike. The housing median value in the area is $211,500 which is significantly lower than the US house median value of $338,100. Additionally, the 1 year house appreciation in Benton, TN is 13.88%, much higher than the US 1 year house appreciation of 8.27%. This makes it an attractive market for those looking to buy or invest in real estate.
The median home cost in Benton is $211,500. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Benton is up 22.8%.
Average Age of Homes
- The median age of Benton real estate is 31 years old
The Rental Market in Benton
- Renters make up 37.5% of the Benton population
- 5.5% of houses and apartments in Benton, 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.