Median price for residential apartments in Burns, TN as of Oct, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
8 Burns, TN, USA apartments for sale
Burns
According to statistics, the population in Burns, TN amounts to 1,736, which shows decline -8% compared to the previous year. The median age of the city’s residents is 40. The average household income is $51,167, shifting growth 8% from the past year, and the average property value in Burns, TN growth 10% to $153,900 throughout the year.
| Population | 1,736 |
| Median Age | 40.3 |
| Poverty Rate | 9% |
| Household Income | $51,167 |
| Number Of Employees | 865 |
| Median Property Value | $153,900 |
Household Income
The average household income in Burns, TN grew from $47,238 to $51,167 in the past year. This data is an estimate based upon 608 households in Burns, TN . The chart below presents how household income is distributed in Burns, TN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Burns, TN shifted from $139,900 to $153,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Burns, TN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Burns, TN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Burns, TN compared to median property taxes around the country. The prevalent amount of property taxes in Burns, TN equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Burns, TN, USA
Average apartment sale in Burns: $500,397 (+20.2%)
| Apartment Size | Oct | vs Last Month |
|---|---|---|
| Studio apartments | $972,500 | +98.5% |
| 2-bed apartments | $349,900 | N/A |
| 3-bed apartments | $346,829 | -7.5% |
| 4+ bed apartments | $1,024,950 | +108.3% |
During Oct 2022, the average price for an apartment in/near Burns, TN increased by 20.2% to $500,397.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $349,900. A 3-bed apartment goes for $346,829, it decreased by 7.5% lately. We discerned the rise of 4- and more bed apartment price. It increased by 108.3% and made it up to $1,024,950.
| Listing Type | Oct | vs Last Month |
|---|---|---|
| Houses for sale | $437,450 | +8.2% |
| Land for sale | $972,500 | +98.5% |
Price reports demonstrate that house price increased by 8.2% this month making it up to $437,450.