Housing in Rhea, TN County is a great investment for those looking to purchase a home. The median value of homes in the county is $215,800 which is lower than the US median value of $338,100. This makes it an attractive option for buyers who are looking for a more affordable housing option. Furthermore, the one year appreciation rate of house prices in Rhea County stands at 20.45%, compared to just 8.27% nationally. This means that people who invest in real estate in Rhea County have the potential to see their property appreciate much faster than if they were to buy outside of the county. All these factors make buying a home in Rhea County an interesting prospect for potential buyers.
The median home cost in Rhea County is $215,800. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Rhea County is up 22.8%.
Average Age of Homes
- The median age of Rhea County real estate is 34 years old
The Rental Market in Rhea County
- Renters make up 26.2% of the Rhea County population
- 0.4% of houses and apartments in Rhea 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.