According to statistics, the population in Mountain City, TN amounts to 2,394, which shows decline -3% compared to the previous year. The median age of the city’s residents is 45. The average household income is $24,555, shifting growth 1% from the past year, and the average property value in Mountain City, TN decline -8% to $121,000 throughout the year.
|Number Of Employees||769|
|Median Property Value||$121,000|
The average household income in Mountain City, TN grew from $24,265 to $24,555 in the past year. This data is an estimate based upon 1,027 households in Mountain City, TN . The chart below presents how household income is distributed in Mountain City, TN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Mountain City, TN shifted from $131,300 to $121,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Mountain City, TN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Mountain City, TN properties falls in the '$150,000 to $174,999' 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 Mountain City, TN compared to median property taxes around the country. The prevalent amount of property taxes in Mountain City, TN equals $800, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Mountain City, TN decreased by 32.8% to $167,250.
Asking price for 2-bed apartment also decreased by 52.2% and a place of this size will now cost you $219,900. A 3-bed apartment goes for $277,218, it decreased by 17.6% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 78.5% and made it down to $199,000.
Price reports demonstrate that house price decreased by 39.6% this month making it up to $261,950. The price statistics of lofts have not significantly changed, it now still goes for $595,000.