The housing market in Prospect, TN (38477) is booming! According to recent data, the median housing value is an impressive $202,600, which is significantly lower than the US median of $338,100. This already makes Prospect a great place to invest in real estate. However, the 1-year house appreciation rate of 19.43%, more than double the national average of 8.27%, makes it even more attractive for prospective homeowners and investors alike. If you’re looking for a good deal on a house with strong potential for growth in value, look no further than Prospect, TN.
The median home cost in Prospect (zip 38477) is $202,600. Home appreciation the last 10 years has been 154.1%. Home Appreciation in Prospect (zip 38477) is up 26.6%.
Average Age of Homes
- The median age of Prospect (zip 38477) real estate is 27 years old
The Rental Market in Prospect (zip 38477)
- Renters make up 16.9% of the Prospect (zip 38477) population
- 0.6% of houses and apartments in Prospect (zip 38477), 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.