Newbern, TN is an attractive place to live for homebuyers looking for value. The median housing value in Newbern is $146,600, which is much lower than the US median of $338,100. This represents a great opportunity to purchase a home at an affordable price. Additionally, house appreciation in Newbern over the last year has been 15.27%, more than double the rate of 8.27% across the country, making it an even better investment to purchase a home in the area. With its attractive combination of affordability and strong appreciation potential, Newbern provides great options for individuals and families looking for a comfortable place to live at an affordable cost.
The median home cost in Newbern is $146,600. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Newbern is up 20.2%.
Average Age of Homes
- The median age of Newbern real estate is 44 years old
The Rental Market in Newbern
- Renters make up 34.9% of the Newbern population
- 0.0% of houses and apartments in Newbern, 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.