The housing market in 38059 Newbern, TN is doing very well. The median value of homes in the area is $144,300, which is significantly lower than the US median value of $338,100. However, the 1 year house appreciation rate for the area is 15.27%, which is much higher than the US 1 year house appreciation rate of 8.27%. This shows that home values in this area are increasing significantly and it may be a good time to purchase or invest in property here.
The median home cost in Newbern (zip 38059) is $144,300. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Newbern (zip 38059) is up 20.2%.
Average Age of Homes
- The median age of Newbern (zip 38059) real estate is 42 years old
The Rental Market in Newbern (zip 38059)
- Renters make up 23.1% of the Newbern (zip 38059) population
- 0.0% of houses and apartments in Newbern (zip 38059), 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.