Lakewood Park, TN is a great place for those looking to purchase or invest in housing. According to recent statistics, the median value of homes in Lakewood Park is $119,400, which is much lower than the US housing median value of $338,100. Additionally, the one-year house appreciation rate for Lakewood Park was 15.63% compared to 8.27% nationally. This makes Lakewood Park an attractive option for those looking to invest in real estate or purchase a property at a reasonable price.
The median home cost in Lakewood Park is $119,400. Home appreciation the last 10 years has been 140.0%. Home Appreciation in Lakewood Park is up 24.9%.
Average Age of Homes
- The median age of Lakewood Park real estate is 21 years old
The Rental Market in Lakewood Park
- Renters make up 16.9% of the Lakewood Park population
- 0.0% of houses and apartments in Lakewood Park, 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.