The housing market in McLemoresville, TN (ZIP code 38235) has been quite healthy over the last year. The median value of homes in this area is currently $93,500, which is significantly lower than the overall US median value of $338,100. This presents an opportunity for potential buyers who are looking to invest in real estate without breaking the bank. Despite its relatively low median value, the appreciation rate for houses in the area over the past year has been 18.32%, far higher than the national average of 8.27%. All this indicates that investing in a house in McLemoresville could be a great way to get ahead financially and build equity quickly.
The median home cost in McLemoresville (zip 38235) is $93,500. Home appreciation the last 10 years has been 114.7%. Home Appreciation in McLemoresville (zip 38235) is up 25.8%.
Average Age of Homes
- The median age of McLemoresville (zip 38235) real estate is 59 years old
The Rental Market in McLemoresville (zip 38235)
- Renters make up 11.8% of the McLemoresville (zip 38235) population
- 0.0% of houses and apartments in McLemoresville (zip 38235), 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.