The housing market in Parsons, TN (38363) has been doing very well over the past year. The median value of a house in this zip code is $121,800, which is well below the US median value of $338,100. However, that doesn't mean that Parsons houses are not appreciating. In fact, over the last year they have appreciated by 19.25%, significantly higher than the US average of 8.27%. All considered, Parsons is a great place to invest in real estate as it offers lower prices but good rates of appreciation.
The median home cost in Parsons (zip 38363) is $121,800. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Parsons (zip 38363) is up 24.9%.
Average Age of Homes
- The median age of Parsons (zip 38363) real estate is 42 years old
The Rental Market in Parsons (zip 38363)
- Renters make up 20.3% of the Parsons (zip 38363) population
- 0.7% of houses and apartments in Parsons (zip 38363), 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.