The housing market in 38017 Collierville, TN is currently thriving. The median value of housing in this area is $495,000, which is significantly higher than the US house median value of $338,100. Furthermore, the one year house appreciation rate for 38017 Collierville, TN is 15.27%, which is much higher than the US one year house appreciation rate of 8.27%. These figures indicate that the current housing market in this area is booming and a great time for potential buyers or sellers to make a move in the local real estate market.
The median home cost in Collierville (zip 38017) is $495,000. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Collierville (zip 38017) is up 20.2%.
Average Age of Homes
- The median age of Collierville (zip 38017) real estate is 21 years old
The Rental Market in Collierville (zip 38017)
- Renters make up 15.8% of the Collierville (zip 38017) population
- 2.4% of houses and apartments in Collierville (zip 38017), 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.