The housing market in La Follette, TN (37766) is particularly strong right now. The median value of a house in the area is $189,900, which is far below the US median value of $338,100. Additionally, while the US saw a 1 year appreciation rate of 8.27%, La Follette experienced an impressive 20.45% appreciation rate in house values. For those looking to invest in the real estate market, this could be an opportune time to purchase a property in La Follette as demand and prices are sure to continue to rise given these current market trends.
The median home cost in La Follette (zip 37766) is $189,900. Home appreciation the last 10 years has been 106.1%. Home Appreciation in La Follette (zip 37766) is up 24.9%.
Average Age of Homes
- The median age of La Follette (zip 37766) real estate is 36 years old
The Rental Market in La Follette (zip 37766)
- Renters make up 25.8% of the La Follette (zip 37766) population
- 2.3% of houses and apartments in La Follette (zip 37766), 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.