The housing market in Roane, TN County is strong and vibrant. The median value of homes in the county is currently $248,400 which is significantly lower than the US House Median Value of $338,100. Despite the lower median value compared to the nation as a whole, Roane County has seen a higher appreciation rate for homes over the past year at 19.20%, compared to the national average of 8.27%. This increase in house appreciation indicates that this area is an attractive place for buyers looking to make a long-term investment.
The median home cost in Roane County is $248,400. Home appreciation the last 10 years has been 109.6%. Home Appreciation in Roane County is up 25.8%.
Average Age of Homes
- The median age of Roane County real estate is 38 years old
The Rental Market in Roane County
- Renters make up 23.4% of the Roane County population
- 0.7% of houses and apartments in Roane 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.