Zip 38059 (Newbern, TN) Housing

The housing market in 38059 Newbern, TN is doing very well. The median value of homes in the area is $144,300, which is significantly lower than the US median value of $338,100. However, the 1 year house appreciation rate for the area is 15.27%, which is much higher than the US 1 year house appreciation rate of 8.27%. This shows that home values in this area are increasing significantly and it may be a good time to purchase or invest in property here.

The median home cost in Newbern (zip 38059) is $144,300. Home appreciation the last 10 years has been 94.9%. Home Appreciation in Newbern (zip 38059) is up 20.2%.

Average Age of Homes

- The median age of Newbern (zip 38059) real estate is 42 years old

The Rental Market in Newbern (zip 38059)

- Renters make up 23.1% of the Newbern (zip 38059) population
- 0.0% of houses and apartments in Newbern (zip 38059), 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	Newbern, Tennessee	United States
	3,344.0	139,647,020.0
	46	42
	$144,300	$338,100
	20.2%	16.6%
	63.5%	57.0%
	94.9%	101.1%
	$6.82	$10.98
	$770	$2,690
	60.7%	57.4%
	9.8%	11.2%
	29.5%	31.4%
Vacant Housing
	0.0%	1.9%
	1.5%	0.4%
	1.9%	0.7%
	0.0%	0.4%
	3.1%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	5.9%	2.4%
	11.2%	2.8%
	11.9%	3.9%
	12.6%	4.5%
	22.4%	11.3%
	6.8%	13.0%
	12.5%	20.1%
	3.4%	13.6%
	6.4%	8.3%
	4.1%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	1.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	16.9%	13.6%
	16.9%	13.6%
	10.9%	13.6%
	10.8%	13.2%
	20.1%	14.8%
	10.9%	13.6%
	9.6%	10.0%
	5.5%	4.7%
	9.4%	12.2%

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