Farragut, TN is a great place to live due to its high housing median value of $559,200 compared to the US house median value of $338,100. In the past year alone, the US 1 year house appreciation was 8.27%, while in Farragut it was an impressive 19.70%. This higher rate of appreciation highlights the desirability of Farragut as a prime location for home buying. It also indicates that people who purchase homes here are likely to see further growth in their investments over time.
The median home cost in Farragut is $559,200. Home appreciation the last 10 years has been 116.9%. Home Appreciation in Farragut is up 24.7%.
Average Age of Homes
- The median age of Farragut real estate is 26 years old
The Rental Market in Farragut
- Renters make up 10.9% of the Farragut population
- 0.3% of houses and apartments in Farragut, 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.