According to statistics, the population in Dresden, TN amounts to 2,963, which shows growth 3% compared to the previous year. The median age of the city’s residents is 41. The average household income is $26,958, shifting decline -13% from the past year, and the average property value in Dresden, TN decline -17% to $78,600 throughout the year.
|Number Of Employees||1,178|
|Median Property Value||$78,600|
The average household income in Dresden, TN declined from $31,025 to $26,958 in the past year. This data is an estimate based upon 1,352 households in Dresden, TN . The chart below presents how household income is distributed in Dresden, TN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Dresden, TN shifted from $94,500 to $78,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Dresden, TN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Dresden, TN properties falls in the '$70,000 to $79,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Dresden, TN compared to median property taxes around the country. The prevalent amount of property taxes in Dresden, TN equals $800, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|Studio for sale||$37,500||+215.1%|
|2 bed for sale||$76,433||N/A|
|3 bed for sale||$190,812||-22.9%|
|4+ bed for sale||$361,700||-2.4%|
During Aug 2022, the average price for an apartment in/near Dresden, TN decreased by 29.1% to $211,870.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $76,433. A 3-bed apartment goes for $190,812, it decreased by 22.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 2.4% and made it down to $361,700.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$237,946||-24.8%|
|Land for sale||$127,125||+968.3%|
Price reports demonstrate that house price decreased by 24.8% this month making it up to $237,946.