The housing market in 37365 Palmer, TN is currently thriving and growing. The median value of homes in this area is $109,200, which is significantly lower than the US house median value of $338,100. Furthermore, the US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate in Palmer, TN is 13.88%. This indicates that homeowners in this area are seeing a larger increase in their home values than the national average, suggesting that purchasing a home here would be an excellent investment opportunity.
The median home cost in Palmer (zip 37365) is $109,200. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Palmer (zip 37365) is up 22.8%.
Average Age of Homes
- The median age of Palmer (zip 37365) real estate is 43 years old
The Rental Market in Palmer (zip 37365)
- Renters make up 15.6% of the Palmer (zip 37365) population
- 0.8% of houses and apartments in Palmer (zip 37365), 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.