Housing in 37687 Roan Mountain, TN is significantly more valuable than the national average. The median value of homes in the area is $197,200, which is approximately 42% lower than the national median value of $338,100. However, the annual appreciation rate for housing in Roan Mountain has outpaced the national appreciation rate; it has been 20.28% compared to 8.27%. This means that homeowners in Roan Mountain can expect their property values to continue increasing over time.
The median home cost in Roan Mountain (zip 37687) is $197,200. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Roan Mountain (zip 37687) is up 24.2%.
Average Age of Homes
- The median age of Roan Mountain (zip 37687) real estate is 33 years old
The Rental Market in Roan Mountain (zip 37687)
- Renters make up 12.5% of the Roan Mountain (zip 37687) population
- 1.0% of houses and apartments in Roan Mountain (zip 37687), 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.