The housing market in Norris, TN (37828) is a thriving one, with the median value of homes there currently at $302,900. This number is lower than the national median value of $338,100, but what is really impressive about the real estate market in Norris is its appreciation rate. Over the past year alone, the median value of homes there has increased by 21.68%, which is much higher than the 8.27% appreciation rate seen nationally over the same period of time. This high level of appreciation means that now is a great time to consider investing in real estate in Norris and taking advantage of this rising trend.
The median home cost in Norris (zip 37828) is $302,900. Home appreciation the last 10 years has been 114.6%. Home Appreciation in Norris (zip 37828) is up 27.0%.
Average Age of Homes
- The median age of Norris (zip 37828) real estate is 59 years old
The Rental Market in Norris (zip 37828)
- Renters make up 21.3% of the Norris (zip 37828) population
- 1.5% of houses and apartments in Norris (zip 37828), 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.