The housing market in 38468 Leoma, TN is extremely strong. According to the data, the median value of a home in the area is $211,700 which is significantly lower than the US House median value of $338,100. However, what makes this area especially attractive is its year-over-year house appreciation rate of 19.43%. This rate is nearly double that of the national average which stands at 8.27%. This level of appreciation could be an indication that Leoma's housing market may continue to increase substantially over time.
The median home cost in Leoma (zip 38468) is $211,700. Home appreciation the last 10 years has been 154.1%. Home Appreciation in Leoma (zip 38468) is up 26.6%.
Average Age of Homes
- The median age of Leoma (zip 38468) real estate is 32 years old
The Rental Market in Leoma (zip 38468)
- Renters make up 13.6% of the Leoma (zip 38468) population
- 0.0% of houses and apartments in Leoma (zip 38468), 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.