The housing market in 38037 Gates, TN is thriving. The median value for a home in this area is $110,100, which is significantly lower than the US median value of $338,100. Despite this lower housing price point, the area has seen an impressive 15.27% increase in house appreciation over the past year – far surpassing the national appreciation rate of 8.27%. This speaks to the strong demand for housing in 38037 Gates and demonstrates that it is a great place to invest in real estate.
The median home cost in Gates (zip 38037) is $110,100. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Gates (zip 38037) is up 20.2%.
Average Age of Homes
- The median age of Gates (zip 38037) real estate is 40 years old
The Rental Market in Gates (zip 38037)
- Renters make up 23.7% of the Gates (zip 38037) population
- 1.3% of houses and apartments in Gates (zip 38037), 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.