Housing in 38023 Drummonds, TN is an excellent investment. The median value of houses in the area is $235,900, which is significantly lower than the US House Median Value of $338,100. In addition, the house appreciation rate in Drummonds is a whopping 15.27% compared to the US's 8.27%, making it one of the most attractive places for investors to purchase property. With such high appreciation rates and lower valued housing than other areas around the country, purchasing a home in Drummonds is a smart financial decision.
The median home cost in Drummonds (zip 38023) is $235,900. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Drummonds (zip 38023) is up 20.2%.
Average Age of Homes
- The median age of Drummonds (zip 38023) real estate is 27 years old
The Rental Market in Drummonds (zip 38023)
- Renters make up 21.8% of the Drummonds (zip 38023) population
- 0.0% of houses and apartments in Drummonds (zip 38023), 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.