Zip 38506 (Cookeville, TN) Housing

The housing market in 38506 Cookeville, TN is flourishing. The median value for homes in this area is $285,900, which is lower than the US median value of $338,100. However, what makes the housing in this area so attractive is its 1 year appreciation rate of 19.24%, which far exceeds the US appreciation rate of 8.27%. This shows that homeowners in this area are seeing growth and return on their investments at a rate much higher than the national average.

The median home cost in Cookeville (zip 38506) is $285,900. Home appreciation the last 10 years has been 111.1%. Home Appreciation in Cookeville (zip 38506) is up 25.2%.

Average Age of Homes

- The median age of Cookeville (zip 38506) real estate is 29 years old

The Rental Market in Cookeville (zip 38506)

- Renters make up 18.9% of the Cookeville (zip 38506) population
- 0.4% of houses and apartments in Cookeville (zip 38506), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cookeville, Tennessee	United States
	12,776.0	139,647,020.0
	31	42
	$285,900	$338,100
	25.2%	16.6%
	86.2%	57.0%
	111.1%	101.1%
	$6.28	$10.98
	$1,095	$2,690
	68.4%	57.4%
	5.2%	11.2%
	26.4%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	2.2%	2.4%
	2.8%	2.8%
	3.4%	3.9%
	5.2%	4.5%
	21.7%	11.3%
	22.7%	13.0%
	22.8%	20.1%
	8.2%	13.6%
	6.9%	8.3%
	1.7%	9.7%
	0.5%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.2%	13.6%
	16.2%	13.6%
	21.0%	13.6%
	19.1%	13.2%
	16.7%	14.8%
	21.0%	13.6%
	6.0%	10.0%
	1.1%	4.7%
	2.4%	12.2%

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