The housing market in 38253 Rives, TN is booming with the median value of homes being $126,100. This is significantly lower than the US House Median Value of $338,100, yet it has seen an incredible 18.32% appreciation rate over the past year compared to the US average of 8.27%. This is a great opportunity for those looking to buy a home at a relatively low price and also benefit from its appreciation.
The median home cost in Rives (zip 38253) is $126,100. Home appreciation the last 10 years has been 114.7%. Home Appreciation in Rives (zip 38253) is up 25.8%.
Average Age of Homes
- The median age of Rives (zip 38253) real estate is 48 years old
The Rental Market in Rives (zip 38253)
- Renters make up 21.8% of the Rives (zip 38253) population
- 3.3% of houses and apartments in Rives (zip 38253), 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.