Collierville, TN is an affluent area with an impressive median value for homes of $468,200. This is far above the US median value for housing of $338,100 and reflects the strong demand and appreciation seen in this area. In the last year alone, the house appreciation rate in Collierville has been 15.26%, significantly higher than the US average of 8.27%. Clearly, Collierville is an attractive choice for buyers looking to invest in property and benefit from high returns on their investments.
The median home cost in Collierville is $468,200. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Collierville is up 20.0%.
Average Age of Homes
- The median age of Collierville real estate is 21 years old
The Rental Market in Collierville
- Renters make up 13.6% of the Collierville population
- 2.4% of houses and apartments in Collierville, 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.