The housing market in 37352 Lynchburg, TN is quite healthy. The median value of homes here is $291,000, which is significantly lower than the US median home price of $338,100. Despite this disparity in pricing, the appreciation rate for homes in Lynchburg over the past year has been 13.88%, more than 5% higher than the national average of 8.27%. This shows that even though the prices may be lower in Lynchburg compared to the US as a whole, they are still appreciating at a strong rate and are providing steady returns for those who have invested in local real estate.
The median home cost in Lynchburg (zip 37352) is $291,000. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Lynchburg (zip 37352) is up 22.8%.
Average Age of Homes
- The median age of Lynchburg (zip 37352) real estate is 28 years old
The Rental Market in Lynchburg (zip 37352)
- Renters make up 16.1% of the Lynchburg (zip 37352) population
- 0.0% of houses and apartments in Lynchburg (zip 37352), 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.