The housing market in Putnam, TN County is booming. According to recent data, the median value of a home in this county is $264,800 - significantly lower than the US median of $338,100. This indicates that homes here are more affordable for potential buyers. Furthermore, the one year house appreciation rate in Putnam County is 13.88%, which is higher than the US 1-year appreciation rate of 8.27%. This fact suggests that real estate investments in this area offer very good potential for return on investment. Homebuyers and investors should take advantage of the current market conditions and look into what Putnam County has to offer.
The median home cost in Putnam County is $264,800. Home appreciation the last 10 years has been 111.1%. Home Appreciation in Putnam County is up 25.2%.
Average Age of Homes
- The median age of Putnam County real estate is 32 years old
The Rental Market in Putnam County
- Renters make up 34.8% of the Putnam County population
- 1.6% of houses and apartments in Putnam 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.