The housing market in 38036 Gallaway, TN is flourishing. According to recent data, the median value of housing in the area is $195,800, which is substantially less than the US median value of $338,100. Despite this difference, the rate of appreciation for housing in 38036 Gallaway has grown significantly over the last year with an increase of 15.27%, much higher than the 8.27% appreciation rate seen throughout the US as a whole. This suggests that home values in this area are increasing at a faster pace than other parts of the country and could make it a desirable destination for those looking to purchase a home.
The median home cost in Gallaway (zip 38036) is $195,800. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Gallaway (zip 38036) is up 20.2%.
Average Age of Homes
- The median age of Gallaway (zip 38036) real estate is 46 years old
The Rental Market in Gallaway (zip 38036)
- Renters make up 84.2% of the Gallaway (zip 38036) population
- 20.5% of houses and apartments in Gallaway (zip 38036), 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.