Zip 37820 (New Market, TN) Housing

The housing market in 37820 New Market, TN is thriving. The median value for houses in the area is $234,500, which is significantly lower than the US house median value of $338,100. Despite this difference, the 1 year appreciation rate for houses in this area is 21.68%, which is more than double the US house appreciation rate of 8.27%. This indicates that New Market real estate is a sound investment with plenty of potential for growth.

The median home cost in New Market (zip 37820) is $234,500. Home appreciation the last 10 years has been 114.6%. Home Appreciation in New Market (zip 37820) is up 27.0%.

Average Age of Homes

- The median age of New Market (zip 37820) real estate is 30 years old

The Rental Market in New Market (zip 37820)

- Renters make up 20.3% of the New Market (zip 37820) population
- 2.2% of houses and apartments in New Market (zip 37820), 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	New Market, Tennessee	United States
	3,315.0	139,647,020.0
	35	42
	$234,500	$338,100
	27.0%	16.6%
	87.9%	57.0%
	114.6%	101.1%
	$5.17	$10.98
	$806	$2,690
	68.7%	57.4%
	15.4%	11.2%
	15.9%	31.4%
Vacant Housing
	2.2%	1.9%
	1.3%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	8.3%	3.6%
	3.3%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	4.0%	2.4%
	5.0%	2.8%
	7.0%	3.9%
	8.0%	4.5%
	20.3%	11.3%
	19.2%	13.0%
	18.9%	20.1%
	2.5%	13.6%
	5.1%	8.3%
	5.2%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	2.5%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.5%	13.6%
	12.5%	13.6%
	20.7%	13.6%
	18.5%	13.2%
	15.1%	14.8%
	20.7%	13.6%
	7.5%	10.0%
	3.0%	4.7%
	8.7%	12.2%

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