The housing market in Polk, TN county is booming. According to the data, the median house value in Polk is $199,400 compared to the US median of $338,100. Over the past year, appreciation rates have been on the rise in Polk county with an 8.27% increase as opposed to a 19.24% rise nationwide. This indicates that housing prices are increasing at a faster rate than average in Polk County and is reflective of a strong real estate market.
The median home cost in Polk County is $199,400. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Polk County is up 22.8%.
Average Age of Homes
- The median age of Polk County real estate is 35 years old
The Rental Market in Polk County
- Renters make up 16.2% of the Polk County population
- 1.4% of houses and apartments in Polk County, 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.