Lewisburg, TN is an affordable housing market when compared to the US average. The median house value in Lewisburg is $250,800 while the US median house value is $338,100. Not only does Lewisburg offer more affordable housing options, but it also has seen greater appreciation in house values over the past year. The US House Appreciation rate was 8.27% over the past year while the House Appreciation rate in Lewisburg was 15.74%. This means that those who purchase a home in Lewisburg can expect to see a higher return on their investment in a shorter amount of time than those who purchase in other areas of the country.
The median home cost in Lewisburg is $250,800. Home appreciation the last 10 years has been 142.5%. Home Appreciation in Lewisburg is up 25.0%.
Average Age of Homes
- The median age of Lewisburg real estate is 43 years old
The Rental Market in Lewisburg
- Renters make up 39.8% of the Lewisburg population
- 3.8% of houses and apartments in Lewisburg, 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.