The housing market in 38047 Lenox, TN is thriving. The median value of homes is $139,800 compared to the US median value of $338,100. This is a great opportunity for buyers looking for an affordable home. Additionally, the one-year appreciation rate in Lenox is 15.27%, higher than the national average of 8.27%. This means that Lenox homes are increasing in value faster than the national rate, making it a great investment opportunity as well. With its attractive prices and excellent appreciation rate, Lenox is an ideal location for those seeking a new home or to invest in real estate.
The median home cost in Lenox (zip 38047) is $139,800. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Lenox (zip 38047) is up 20.2%.
Average Age of Homes
- The median age of Lenox (zip 38047) real estate is 52 years old
The Rental Market in Lenox (zip 38047)
- Renters make up 13.3% of the Lenox (zip 38047) population
- 0.0% of houses and apartments in Lenox (zip 38047), 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.