The housing market in Monroe, TN County is performing well, with a median value of $222,200, which is significantly lower than the median value of $338,100 for the entire United States. The US experienced a one-year house appreciation of 8.27%, while Monroe, TN County saw an even higher appreciation rate of 19.03%. This indicates that housing prices are increasing rapidly in Monroe County and it may be a great time to invest in the local real estate market.
The median home cost in Monroe County is $222,200. Home appreciation the last 10 years has been 106.1%. Home Appreciation in Monroe County is up 24.7%.
Average Age of Homes
- The median age of Monroe County real estate is 31 years old
The Rental Market in Monroe County
- Renters make up 22.2% of the Monroe County population
- 0.7% of houses and apartments in Monroe 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.