The housing market in Buena Vista, TN (38318) is thriving. The median value of a home in the area is $155,400, significantly lower than the US median value of $338,100. This gap provides great opportunities for potential homeowners to purchase an affordable property. Additionally, the 1-year house appreciation rate in 38318 is 19.25%, which is more than double the US rate of 8.27%. With these factors taken into account, Buena Vista appears to be an ideal location for buying a home and investing in real estate.
The median home cost in Buena Vista (zip 38318) is $155,400. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Buena Vista (zip 38318) is up 24.9%.
Average Age of Homes
- The median age of Buena Vista (zip 38318) real estate is 52 years old
The Rental Market in Buena Vista (zip 38318)
- Renters make up 23.5% of the Buena Vista (zip 38318) population
- 0.0% of houses and apartments in Buena Vista (zip 38318), 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.