Zip 38361 (Morris Chapel, TN) Housing

The housing market in 38361 Morris Chapel, TN is thriving. The median value of homes in the area is $168,200, which is significantly lower than the U.S. median of $338,100. However, there has been an impressive one-year house appreciation of 19.25%, compared to the U.S. average of 8.27%. This makes Morris Chapel a great place to invest in real estate as prices are still low but expected to increase steadily over time due to its high appreciation rate.

The median home cost in Morris Chapel (zip 38361) is $168,200. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Morris Chapel (zip 38361) is up 24.9%.

Average Age of Homes

- The median age of Morris Chapel (zip 38361) real estate is 24 years old

The Rental Market in Morris Chapel (zip 38361)

- Renters make up 11.5% of the Morris Chapel (zip 38361) population
- 0.0% of houses and apartments in Morris Chapel (zip 38361), 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	Morris Chapel, Tennessee	United States
	710.0	139,647,020.0
	24	42
	$168,200	$338,100
	24.9%	16.6%
	67.1%	57.0%
	87.0%	101.1%
	$4.21	$10.98
	$581	$2,690
	65.8%	57.4%
	25.4%	11.2%
	8.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	6.3%	3.6%
	19.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	8.6%	2.4%
	9.2%	2.8%
	1.9%	3.9%
	7.1%	4.5%
	32.3%	11.3%
	26.6%	13.0%
	4.3%	20.1%
	10.1%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	39.2%	13.6%
	39.2%	13.6%
	19.6%	13.6%
	26.2%	13.2%
	0.0%	14.8%
	19.6%	13.6%
	4.1%	10.0%
	0.0%	4.7%
	3.1%	12.2%

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