The housing market in 37738 Gatlinburg, TN is an excellent investment opportunity. The median value of homes in the area is $493,300, which is significantly higher than the US median of $338,100. Additionally, the one year appreciation rate for homes in this area is 20.45%, which is noticeably more than the 8.27% appreciation rate seen across the US as a whole. Long-term investments in property here will likely provide great returns for investors seeking to capitalize on a positive housing market.
The median home cost in Gatlinburg (zip 37738) is $493,300. Home appreciation the last 10 years has been 106.1%. Home Appreciation in Gatlinburg (zip 37738) is up 24.9%.
Average Age of Homes
- The median age of Gatlinburg (zip 37738) real estate is 27 years old
The Rental Market in Gatlinburg (zip 37738)
- Renters make up 10.8% of the Gatlinburg (zip 37738) population
- 15.4% of houses and apartments in Gatlinburg (zip 37738), 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.