The housing market in 38138 Germantown, TN is booming. The median value of houses in the area is $407,100, which is significantly higher than the US median house value of $338,100. Furthermore, the appreciation rate for housing in 38138 Germantown, TN has been rising at an impressive 15.04%, much higher than the US average house appreciation rate of 8.27%. This indicates that the housing market in 38138 Germantown, TN is strong and growing; a great investment opportunity for buyers or renters looking to settle down in this charming Tennessee town.
The median home cost in Germantown (zip 38138) is $407,100. Home appreciation the last 10 years has been 97.6%. Home Appreciation in Germantown (zip 38138) is up 15.0%.
Average Age of Homes
- The median age of Germantown (zip 38138) real estate is 37 years old
The Rental Market in Germantown (zip 38138)
- Renters make up 16.8% of the Germantown (zip 38138) population
- 2.7% of houses and apartments in Germantown (zip 38138), 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.