The housing market in 38471 Lutts, TN is booming. The median value of a house in this area is $165,800 - significantly lower than the US median value of $338,100. However, the one year house appreciation rate for this area is an impressive 19.43%, which is much higher than the US average of 8.27%. This indicates that the housing market in Lutts, TN is highly promising and may be a great place to invest in or purchase a home.
The median home cost in Lutts (zip 38471) is $165,800. Home appreciation the last 10 years has been 154.1%. Home Appreciation in Lutts (zip 38471) is up 26.6%.
Average Age of Homes
- The median age of Lutts (zip 38471) real estate is 41 years old
The Rental Market in Lutts (zip 38471)
- Renters make up 20.2% of the Lutts (zip 38471) population
- 0.0% of houses and apartments in Lutts (zip 38471), 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.