Zip 38562 (Gainesboro, TN) Housing

Gainesboro, TN is a great place to purchase a home due to the current median value of $179,200. This is significantly lower than the US median value of $338,100 which makes Gainesboro an attractive option for people looking to invest in real estate. Additionally, the appreciation rate over the past year has been 19.24%, higher than the US 1 year house appreciation rate of 8.27%. This makes Gainesboro an excellent choice for anyone looking to make a good return on their investment in housing.

The median home cost in Gainesboro (zip 38562) is $179,200. Home appreciation the last 10 years has been 111.1%. Home Appreciation in Gainesboro (zip 38562) is up 25.2%.

Average Age of Homes

- The median age of Gainesboro (zip 38562) real estate is 31 years old

The Rental Market in Gainesboro (zip 38562)

- Renters make up 16.9% of the Gainesboro (zip 38562) population
- 0.8% of houses and apartments in Gainesboro (zip 38562), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Gainesboro, Tennessee	United States
	3,205.0	139,647,020.0
	37	42
	$179,200	$338,100
	25.2%	16.6%
	86.2%	57.0%
	111.1%	101.1%
	$5.33	$10.98
	$627	$2,690
	62.2%	57.4%
	22.7%	11.2%
	15.0%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	1.5%	0.4%
	6.3%	3.6%
	13.5%	4.1%
Value of Owner-Occupied Housing
	4.2%	2.6%
	13.3%	2.4%
	9.2%	2.8%
	8.0%	3.9%
	8.1%	4.5%
	23.2%	11.3%
	18.7%	13.0%
	9.4%	20.1%
	4.0%	13.6%
	0.8%	8.3%
	0.4%	9.7%
	0.0%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	9.6%	13.6%
	9.6%	13.6%
	21.6%	13.6%
	21.6%	13.2%
	14.3%	14.8%
	21.6%	13.6%
	5.0%	10.0%
	5.5%	4.7%
	5.3%	12.2%

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