The housing market in Oneida, TN is showing strong signs of appreciation. The median value of homes in the city currently stands at $156,400, which is significantly lower than the US median house value of $338,100. This affordibility is likely driving demand for homes in the city and pushing up prices, as data suggests that appreciation in the area has been higher than across the country at 21.68% over the past year compared to just 8.27% nationally. With such strong growth potential and housing costs remaining relatively low compared to other cities, Oneida looks to be a great investment opportunity for buyers looking to get into the market.
The median home cost in Oneida is $156,400. Home appreciation the last 10 years has been 114.6%. Home Appreciation in Oneida is up 27.0%.
Average Age of Homes
- The median age of Oneida real estate is 33 years old
The Rental Market in Oneida
- Renters make up 30.4% of the Oneida population
- 10.1% of houses and apartments in Oneida, 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.