The housing market in 37385 Tellico Plains, TN is thriving. The median value of homes here is $200,800, which is substantially lower than the US house median value of $338,100. In addition to this lower median home price, the one year house appreciation in 37385 Tellico Plains, TN is 13.88%, compared to 8.27% for the US overall. This higher appreciation rate suggests that housing values are increasing faster in Tellico Plains than in the rest of the country and that now would be an excellent time to invest in a home here if you're thinking of moving to this area.
The median home cost in Tellico Plains (zip 37385) is $200,800. Home appreciation the last 10 years has been 99.2%. Home Appreciation in Tellico Plains (zip 37385) is up 22.8%.
Average Age of Homes
- The median age of Tellico Plains (zip 37385) real estate is 35 years old
The Rental Market in Tellico Plains (zip 37385)
- Renters make up 9.5% of the Tellico Plains (zip 37385) population
- 0.9% of houses and apartments in Tellico Plains (zip 37385), 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.