The housing market in 38374 Scotts Hill, TN is quite impressive. According to recent studies, the median value of housing in this area is $127,700, which is significantly lower than the US House Median Value of $338,100. In addition, the US 1 year House Appreciation rate was 8.27%, while the housing appreciation rate for Scotts Hill was 19.25%, which shows that the housing market in this region is booming and on an upward trajectory. This makes it an ideal place to invest in real estate or purchase a home as you can expect to gain a good return on your investment over time.
The median home cost in Scotts Hill (zip 38374) is $127,700. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Scotts Hill (zip 38374) is up 24.9%.
Average Age of Homes
- The median age of Scotts Hill (zip 38374) real estate is 43 years old
The Rental Market in Scotts Hill (zip 38374)
- Renters make up 22.7% of the Scotts Hill (zip 38374) population
- 2.6% of houses and apartments in Scotts Hill (zip 38374), 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.