Zip 37840 (Oliver Springs, TN) Housing

The housing market in Oliver Springs, TN (37840) has seen a considerable amount of appreciation in the past year. The median value of a house in the city is $194,800 which is significantly lower than the US average median value of $338,100. However, the 1 year house appreciation rate for Oliver Springs is 21.68%, well above the US average of 8.27%. This indicates a strong and stable housing market in this area, suggesting that it may be a good time to purchase property here.

The median home cost in Oliver Springs (zip 37840) is $194,800. Home appreciation the last 10 years has been 114.6%. Home Appreciation in Oliver Springs (zip 37840) is up 27.0%.

Average Age of Homes

- The median age of Oliver Springs (zip 37840) real estate is 40 years old

The Rental Market in Oliver Springs (zip 37840)

- Renters make up 18.3% of the Oliver Springs (zip 37840) population
- 0.0% of houses and apartments in Oliver Springs (zip 37840), 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	Oliver Springs, Tennessee	United States
	4,083.0	139,647,020.0
	40	42
	$194,800	$338,100
	27.0%	16.6%
	87.9%	57.0%
	114.6%	101.1%
	$7.08	$10.98
	$1,007	$2,690
	69.5%	57.4%
	3.4%	11.2%
	27.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	2.9%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	5.2%	2.4%
	13.2%	2.8%
	5.7%	3.9%
	5.0%	4.5%
	21.3%	11.3%
	20.6%	13.0%
	15.0%	20.1%
	5.4%	13.6%
	4.5%	8.3%
	0.7%	9.7%
	0.0%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	10.2%	13.6%
	10.2%	13.6%
	17.9%	13.6%
	18.9%	13.2%
	22.5%	14.8%
	17.9%	13.6%
	8.3%	10.0%
	5.3%	4.7%
	4.9%	12.2%

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