The housing market in Sevierville, TN Metro Area is thriving, with a median value of $394,200, significantly higher than the US House Median Value of $338,100. Additionally, house appreciation has increased significantly over the past year in Sevierville; it stands at 16.28%, while the national average is 8.27%. Clearly this area is an attractive place for prospective home buyers who are looking for a safe investment that will appreciate in value over time. The strong job market and economic growth have helped to drive up demand for housing in the area, making it an excellent option for people seeking to purchase a property either as a primary residence or as an investment.
The median home cost in Sevierville Metro Area is $394,200. Home appreciation the last 10 years has been 113.3%. Home Appreciation in Sevierville Metro Area is up 26.7%.
Average Age of Homes
- The median age of Sevierville Metro Area real estate is 24 years old
The Rental Market in Sevierville Metro Area
- Renters make up 21.9% of the Sevierville Metro Area population
- 7.2% of houses and apartments in Sevierville 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.