The housing market in 38450 Collinwood, TN is extremely desirable. The median value of a house in this area is $118,300, which is much lower than the US median of $338,100. This makes purchasing a home in Collinwood more affordable than many other areas. Additionally, the rate of appreciation for homes in the area is 19.43%, higher than the 8.27% seen in the US overall. This means that those who purchase a home here can expect to see their investment increase significantly over time.
The median home cost in Collinwood (zip 38450) is $118,300. Home appreciation the last 10 years has been 154.1%. Home Appreciation in Collinwood (zip 38450) is up 26.6%.
Average Age of Homes
- The median age of Collinwood (zip 38450) real estate is 36 years old
The Rental Market in Collinwood (zip 38450)
- Renters make up 10.8% of the Collinwood (zip 38450) population
- 6.3% of houses and apartments in Collinwood (zip 38450), 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.