The housing market in Mitchellville, TN is looking very promising. The median value of a house in Mitchellville is $116,200 which is much lower than the US median value of $338,100. Furthermore, the 1 year house appreciation in Mitchellville has been 17.31%, which is nearly double the national average of 8.27%. This means that if you purchase a home in Mitchellville now, it will likely increase in value significantly over the next year. Therefore, purchasing a home in Mitchellville is an incredibly wise investment right now due to its potential for strong financial growth.
The median home cost in Mitchellville is $116,200. Home appreciation the last 10 years has been 152.0%. Home Appreciation in Mitchellville is up 25.7%.
Average Age of Homes
- The median age of Mitchellville real estate is 37 years old
The Rental Market in Mitchellville
- Renters make up 29.6% of the Mitchellville population
- 17.2% of houses and apartments in Mitchellville, 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.