The housing market in 38241 Palmersville, TN is booming. According to the data given, the median value of homes in this area is $149,200 which is much lower than the US median value of $338,100. However, despite the low median value, this area has seen significant growth over the past year with an appreciation rate of 18.32%, which is much higher than the US average 1 year house appreciation rate of 8.27%. This rapid growth makes now a great time to invest in the housing market in 38241 Palmersville, TN.
The median home cost in Palmersville (zip 38241) is $149,200. Home appreciation the last 10 years has been 114.7%. Home Appreciation in Palmersville (zip 38241) is up 25.8%.
Average Age of Homes
- The median age of Palmersville (zip 38241) real estate is 43 years old
The Rental Market in Palmersville (zip 38241)
- Renters make up 17.4% of the Palmersville (zip 38241) population
- 0.0% of houses and apartments in Palmersville (zip 38241), 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.