Zip 37724 (Cumberland Gap, TN) Housing

The housing market in Cumberland Gap, TN (zip code 37724) is thriving. According to recent data, the median value of homes in this area is $168,000 which is substantially lower than the US median of $338,100. Additionally the 1 year house appreciation for this area is 20.45% which is much higher than the national average of 8.27%. This increase in house value makes Cumberland Gap a great place to invest in for potential homeowners looking for a bargain.

The median home cost in Cumberland Gap (zip 37724) is $168,000. Home appreciation the last 10 years has been 106.1%. Home Appreciation in Cumberland Gap (zip 37724) is up 24.9%.

Average Age of Homes

- The median age of Cumberland Gap (zip 37724) real estate is 35 years old

The Rental Market in Cumberland Gap (zip 37724)

- Renters make up 36.1% of the Cumberland Gap (zip 37724) population
- 0.8% of houses and apartments in Cumberland Gap (zip 37724), 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	Cumberland Gap, Tennessee	United States
	1,327.0	139,647,020.0
	30	42
	$168,000	$338,100
	24.9%	16.6%
	83.4%	57.0%
	106.1%	101.1%
	$5.46	$10.98
	$738	$2,690
	49.8%	57.4%
	10.4%	11.2%
	39.8%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	5.0%	3.6%
	4.7%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	5.1%	2.4%
	2.4%	2.8%
	16.5%	3.9%
	3.2%	4.5%
	25.6%	11.3%
	16.5%	13.0%
	13.9%	20.1%
	5.4%	13.6%
	0.3%	8.3%
	0.0%	9.7%
	7.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	31.5%	13.6%
	31.5%	13.6%
	12.3%	13.6%
	9.6%	13.2%
	17.2%	14.8%
	12.3%	13.6%
	7.3%	10.0%
	3.7%	4.7%
	7.0%	12.2%

Reviews for Cumberland Gap

See all (0)

Write a Review

Start Your Review of Cumberland Gap

Commute