Tennessee Ridge, TN is a thriving town with a median home value of $194,400. This is significantly lower than the median US home value of $338,100. Despite this difference in housing values, the 1-year house appreciation for both Tennessee Ridge and the US is rather significant at 16.86% and 8.27%, respectively. This increase in appreciation signals a strong market for homes in Tennessee Ridge, making it an attractive place to buy or invest in residential properties.
The median home cost in Tennessee Ridge is $194,400. Home appreciation the last 10 years has been 149.2%. Home Appreciation in Tennessee Ridge is up 25.5%.
Average Age of Homes
- The median age of Tennessee Ridge real estate is 42 years old
The Rental Market in Tennessee Ridge
- Renters make up 17.7% of the Tennessee Ridge population
- 2.2% of houses and apartments in Tennessee Ridge, 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.