The housing market in Cookeville, TN Metro Area is a desirable place to invest in real estate. The median value of homes in the area is $243,700, which is significantly lower than the US median value of $338,100. This relatively low cost makes it an attractive option for those looking to buy a home. In addition to being more affordable than other parts of the country, home prices in Cookeville are rising at a higher rate than average- over the last year, house appreciation has been 14.92%, compared to 8.27% nationally. With its comparatively low costs and high appreciation rate, Cookeville is an ideal location for those looking to purchase or invest in real estate.
The median home cost in Cookeville Metro Area is $243,700. Home appreciation the last 10 years has been 111.1%. Home Appreciation in Cookeville Metro Area is up 25.2%.
Average Age of Homes
- The median age of Cookeville Metro Area real estate is 32 years old
The Rental Market in Cookeville Metro Area
- Renters make up 29.2% of the Cookeville Metro Area population
- 1.4% of houses and apartments in Cookeville Metro Area, 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.