The housing market in 37308 Birchwood, TN is thriving. The median housing value is $281,000, which is significantly lower than the US median of $338,100. However, it has seen a larger appreciation in the last year than the US average at 13.88%, compared to 8.27%. This steady appreciation in home values means that those living in the area have seen an increase in their wealth and will continue to benefit from this trend in the future. It is clear that Birchwood is an attractive area for potential buyers looking for affordable housing with good return on investment.
The median home cost in Birchwood (zip 37308) is $281,000. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Birchwood (zip 37308) is up 22.8%.
Average Age of Homes
- The median age of Birchwood (zip 37308) real estate is 26 years old
The Rental Market in Birchwood (zip 37308)
- Renters make up 12.3% of the Birchwood (zip 37308) population
- 2.5% of houses and apartments in Birchwood (zip 37308), 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.