The median housing value in Red Boiling Springs, TN is significantly lower than the national median at $154,300 compared to $338,100 for the U.S., but what it lacks in cost is made up in appreciation: over the past year, homes in Red Boiling Springs have appreciated by 17.31%, almost double the national average of 8.27%. The strong appreciation rate makes Red Boiling Springs a desirable investment option for those looking for an affordable home in a rural setting.
The median home cost in Red Boiling Springs is $154,300. Home appreciation the last 10 years has been 152.0%. Home Appreciation in Red Boiling Springs is up 25.7%.
Average Age of Homes
- The median age of Red Boiling Springs real estate is 40 years old
The Rental Market in Red Boiling Springs
- Renters make up 45.4% of the Red Boiling Springs population
- 2.6% of houses and apartments in Red Boiling Springs, 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.