The housing market in Wayne, TN County is thriving, with the median value of a house being significantly lower than the US average at $137,000. However, due to the increasing demand for housing in the area, the appreciation rate for homes in Wayne County is significantly higher than the national average at 18.32%, compared to 8.27%. This high rate of appreciation could be an attractive prospect for potential home buyers in this area, as it suggests that their investments in real estate will almost certainly yield higher returns than the national average.
The median home cost in Wayne County is $137,000. Home appreciation the last 10 years has been 154.1%. Home Appreciation in Wayne County is up 26.6%.
Average Age of Homes
- The median age of Wayne County real estate is 35 years old
The Rental Market in Wayne County
- Renters make up 14.9% of the Wayne County population
- 1.9% of houses and apartments in Wayne 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.