Housing in McKenzie, TN is quite favorable compared to the national average. The median value of homes in McKenzie is $136,500, which is significantly lower than the US median value of $338,100. In addition, house appreciation within the town has been very strong over the past year with a growth rate of 18.32%, significantly higher than the 8.27% increase seen nationally. This makes McKenzie an attractive option for potential homebuyers who are looking for an affordable housing market with strong appreciation potential.
The median home cost in McKenzie is $136,500. Home appreciation the last 10 years has been 114.7%. Home Appreciation in McKenzie is up 25.8%.
Average Age of Homes
- The median age of McKenzie real estate is 46 years old
The Rental Market in McKenzie
- Renters make up 34.1% of the McKenzie population
- 0.0% of houses and apartments in McKenzie, 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.