Zip 38483 (Summertown, TN) Housing

Summertown, TN is a great place to live with its low cost of living and high appreciation rate for home values. The median housing value in the area is $232,600, which is significantly lower than the national median of $338,100. Additionally, the one year house appreciation rate in Summertown is 19.43%, much higher than the national average of 8.27%. These factors make Summertown a great option for those looking to buy or invest in property.

The median home cost in Summertown (zip 38483) is $232,600. Home appreciation the last 10 years has been 154.1%. Home Appreciation in Summertown (zip 38483) is up 26.6%.

Average Age of Homes

- The median age of Summertown (zip 38483) real estate is 25 years old

The Rental Market in Summertown (zip 38483)

- Renters make up 12.9% of the Summertown (zip 38483) population
- 0.0% of houses and apartments in Summertown (zip 38483), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Summertown, Tennessee	United States
	2,521.0	139,647,020.0
	29	42
	$232,600	$338,100
	26.6%	16.6%
	88.9%	57.0%
	154.1%	101.1%
	$6.46	$10.98
	$625	$2,690
	65.6%	57.4%
	17.6%	11.2%
	16.8%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	3.7%	3.6%
	13.1%	4.1%
Value of Owner-Occupied Housing
	5.4%	2.6%
	6.0%	2.4%
	3.0%	2.8%
	7.3%	3.9%
	6.2%	4.5%
	26.2%	11.3%
	21.6%	13.0%
	17.0%	20.1%
	3.8%	13.6%
	0.6%	8.3%
	1.6%	9.7%
	1.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	17.3%	13.6%
	17.3%	13.6%
	28.5%	13.6%
	12.0%	13.2%
	10.0%	14.8%
	28.5%	13.6%
	7.0%	10.0%
	0.8%	4.7%
	6.3%	12.2%

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