The housing market in Madison, TN (37115) is thriving. The median value of houses in this area is $313,000, which is significantly lower than the US median house value of $338,100. However, what makes the Madison housing market even more attractive is its impressive 1 year house appreciation rate of 17.31%, far outpacing the national average of 8.27%. This means that people who invest in a property in Madison can expect to see a sizeable return on their investment within a relatively short time frame. With its attractive median value and strong appreciation rate, Madison presents an ideal opportunity for potential homebuyers and investors alike to get a great deal on real estate.
The median home cost in Madison (zip 37115) is $313,000. Home appreciation the last 10 years has been 152.0%. Home Appreciation in Madison (zip 37115) is up 25.7%.
Average Age of Homes
- The median age of Madison (zip 37115) real estate is 41 years old
The Rental Market in Madison (zip 37115)
- Renters make up 47.0% of the Madison (zip 37115) population
- 3.6% of houses and apartments in Madison (zip 37115), 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.