The housing market in 37888 Washburn, TN is thriving. The median value of homes in the area is $188,300, which is significantly lower than the US median value of $338,100. However, the appreciation rate of homes in 37888 Washburn, TN has skyrocketed over the past year, with an appreciation rate of 21.68%, compared to the US average appreciation rate of 8.27%. This indicates that the housing market in 37888 Washburn, TN is a great choice for potential homeowners and investors looking to get into a growing market.
The median home cost in Washburn (zip 37888) is $188,300. Home appreciation the last 10 years has been 114.6%. Home Appreciation in Washburn (zip 37888) is up 27.0%.
Average Age of Homes
- The median age of Washburn (zip 37888) real estate is 27 years old
The Rental Market in Washburn (zip 37888)
- Renters make up 14.5% of the Washburn (zip 37888) population
- 1.6% of houses and apartments in Washburn (zip 37888), 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.