The housing in 37051 Cumberland Furnace, TN is very desirable, with a median value of $300,000. This is significantly lower than the US House Median Value of $338,100, making it a great area to invest in for those looking for an affordable housing option. Furthermore, the 1 year House Appreciation rate in Cumberland Furnace is 15.74%, which is substantially higher than the US 1 year House Appreciation rate of 8.27%. The high appreciation rate coupled with the already low median value makes Cumberland Furnace an excellent place to purchase a house and have it appreciate over time.
The median home cost in Cumberland Furnace (zip 37051) is $300,000. Home appreciation the last 10 years has been 142.5%. Home Appreciation in Cumberland Furnace (zip 37051) is up 25.0%.
Average Age of Homes
- The median age of Cumberland Furnace (zip 37051) real estate is 31 years old
The Rental Market in Cumberland Furnace (zip 37051)
- Renters make up 16.5% of the Cumberland Furnace (zip 37051) population
- 0.0% of houses and apartments in Cumberland Furnace (zip 37051), 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.