The housing market in 38240 Obion, TN is booming. The median value for houses in the area is $102,400, which is significantly lower than the US median of $338,100. This lower cost makes it an attractive option for many people looking to buy a home. Furthermore, the one-year appreciation rate for homes in 38240 Obion, TN is 18.32%, much higher than the national average of 8.27%. This indicates that house prices are rising quickly and that there has been strong demand for properties in the area in recent times. With such low prices and high appreciation rates, it's no wonder that so many people are flocking to 38240 Obion, TN as a great place to purchase a new home.
The median home cost in Obion (zip 38240) is $102,400. Home appreciation the last 10 years has been 114.7%. Home Appreciation in Obion (zip 38240) is up 25.8%.
Average Age of Homes
- The median age of Obion (zip 38240) real estate is 57 years old
The Rental Market in Obion (zip 38240)
- Renters make up 23.5% of the Obion (zip 38240) population
- 1.0% of houses and apartments in Obion (zip 38240), 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.