The housing market in Cumberland, TN County is booming, with the median value of homes at $245,600 and a 1 year appreciation rate of 15.79%. This is significantly higher than the US nationwide median house value of $338,100 and 8.27% 1 year appreciation rate. Cumberland County homeowners are reaping the rewards of this increase in value as their investments appreciate at a much higher rate than other areas in the country.
The median home cost in Cumberland County is $245,600. Home appreciation the last 10 years has been 111.0%. Home Appreciation in Cumberland County is up 25.2%.
Average Age of Homes
- The median age of Cumberland County real estate is 26 years old
The Rental Market in Cumberland County
- Renters make up 17.4% of the Cumberland County population
- 1.8% of houses and apartments in Cumberland 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.