The housing market in Tellico Plains, TN is thriving. The median value of a house in Tellico Plains, TN is $204,700 compared to the US House Median Value of $338,100. Furthermore, the US 1 year House Appreciation rate is 8.27% while the house 1 year appreciation rate in Tellico Plains, TN is 13.88%. This data indicates that the housing market in Tellico Plains is rapidly expanding and becoming an attractive destination for people looking to invest in real estate.
The median home cost in Tellico Plains is $204,700. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Tellico Plains is up 22.8%.
Average Age of Homes
- The median age of Tellico Plains real estate is 42 years old
The Rental Market in Tellico Plains
- Renters make up 35.4% of the Tellico Plains population
- 2.3% of houses and apartments in Tellico Plains, 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.