Zip 38463 (Iron City, TN) Housing

The housing market in Iron City, TN (38463) is performing well above the national average. The median value of a home in Iron City is currently $164,700, which is significantly lower than the US median value of $338,100. However, the one year house appreciation rate for Middle Tennessee has been an impressive 19.43%, compared to the US 1 year house appreciation rate of 8.27%. This suggests that houses in Iron City are appreciating at a faster rate than the national average and indicates a stable and prosperous housing market.

The median home cost in Iron City (zip 38463) is $164,700. Home appreciation the last 10 years has been 154.1%. Home Appreciation in Iron City (zip 38463) is up 26.6%.

Average Age of Homes

- The median age of Iron City (zip 38463) real estate is 27 years old

The Rental Market in Iron City (zip 38463)

- Renters make up 17.4% of the Iron City (zip 38463) population
- 0.0% of houses and apartments in Iron City (zip 38463), 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	Iron City, Tennessee	United States
	1,263.0	139,647,020.0
	35	42
	$164,700	$338,100
	26.6%	16.6%
	88.9%	57.0%
	154.1%	101.1%
	$5.79	$10.98
	$670	$2,690
	71.1%	57.4%
	21.8%	11.2%
	7.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	6.9%	3.6%
	14.9%	4.1%
Value of Owner-Occupied Housing
	8.7%	2.6%
	8.1%	2.4%
	8.5%	2.8%
	12.5%	3.9%
	4.3%	4.5%
	17.4%	11.3%
	10.7%	13.0%
	14.8%	20.1%
	3.8%	13.6%
	8.5%	8.3%
	1.0%	9.7%
	1.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.2%	0.2%
	12.4%	13.6%
	12.4%	13.6%
	25.9%	13.6%
	11.9%	13.2%
	12.6%	14.8%
	25.9%	13.6%
	5.8%	10.0%
	2.4%	4.7%
	8.1%	12.2%

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