The housing market in 37050 Cumberland City, TN is doing very well compared to the national average. The median value of a house in this area is $214,500, which is much lower than the US median value of $338,100. Additionally, over the past year, the appreciation rate for houses in this area has been 15.74%, which is much higher than the US average of 8.27%. This indicates that housing in Cumberland City is both more affordable and appreciating faster than most other areas in the country.
The median home cost in Cumberland City (zip 37050) is $214,500. Home appreciation the last 10 years has been 142.5%. Home Appreciation in Cumberland City (zip 37050) is up 25.0%.
Average Age of Homes
- The median age of Cumberland City (zip 37050) real estate is 31 years old
The Rental Market in Cumberland City (zip 37050)
- Renters make up 16.3% of the Cumberland City (zip 37050) population
- 1.0% of houses and apartments in Cumberland City (zip 37050), 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.