Zip 38357 (Michie, TN) Housing

The housing market in 38357 Michie, TN is flourishing with a median value of $161,900. This is significantly lower than the US median value of $338,100 and provides an opportunity for residents to purchase homes here at a more affordable rate. In addition, the housing appreciation in 38357 Michie has outpaced the national 1-year appreciation rate of 8.27%, reaching 19.25%. This trend shows that houses in this area are gaining equity quickly and can provide long term financial stability for residents.

The median home cost in Michie (zip 38357) is $161,900. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Michie (zip 38357) is up 24.9%.

Average Age of Homes

- The median age of Michie (zip 38357) real estate is 38 years old

The Rental Market in Michie (zip 38357)

- Renters make up 29.9% of the Michie (zip 38357) population
- 0.1% of houses and apartments in Michie (zip 38357), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Michie, Tennessee	United States
	1,432.0	139,647,020.0
	36	42
	$161,900	$338,100
	24.9%	16.6%
	67.1%	57.0%
	87.0%	101.1%
	$4.96	$10.98
	$666	$2,690
	67.1%	57.4%
	22.8%	11.2%
	10.1%	31.4%
Vacant Housing
	0.1%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	5.4%	3.6%
	17.2%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	8.2%	2.4%
	8.0%	2.8%
	8.0%	3.9%
	3.2%	4.5%
	28.5%	11.3%
	15.3%	13.0%
	17.3%	20.1%
	5.1%	13.6%
	0.1%	8.3%
	1.2%	9.7%
	0.3%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	22.3%	13.6%
	22.3%	13.6%
	13.3%	13.6%
	9.9%	13.2%
	10.8%	14.8%
	13.3%	13.6%
	8.9%	10.0%
	3.2%	4.7%
	5.0%	12.2%

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