Housing in 38342 Hollow Rock, TN is a great option for those looking to invest in real estate. The median value of homes in the area is $104,400, which is significantly lower than the US median value of $338,100. Furthermore, houses in 38342 Hollow Rock have appreciated by 19.25% over a one-year period compared to 8.27% appreciation nationally. Therefore, investing in housing in this area could be a very lucrative choice as prices are still relatively low yet they are appreciating at higher rates than other parts of the country.
The median home cost in Hollow Rock (zip 38342) is $104,400. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Hollow Rock (zip 38342) is up 24.9%.
Average Age of Homes
- The median age of Hollow Rock (zip 38342) real estate is 26 years old
The Rental Market in Hollow Rock (zip 38342)
- Renters make up 13.5% of the Hollow Rock (zip 38342) population
- 0.9% of houses and apartments in Hollow Rock (zip 38342), 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.