The housing market in Monteagle, TN is seeing positive growth. According to the statistics, the median value of a house in Monteagle is $291,000 and the US house median value is $338,100. The US 1 year house appreciation rate is 8.27%, whereas in Monteagle it's higher at 13.88%. This indicates that the local real estate market is outperforming the national average and that housing prices are steadily increasing. Therefore, this could be an attractive investment for potential buyers looking to purchase a home in Monteagle.
The median home cost in Monteagle is $291,000. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Monteagle is up 22.8%.
Average Age of Homes
- The median age of Monteagle real estate is 36 years old
The Rental Market in Monteagle
- Renters make up 28.4% of the Monteagle population
- 5.1% of houses and apartments in Monteagle, 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.