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.
|Apartment Size||Oct||vs Last Month|
|1 bed for sale||$209,949||N/A|
|3 bed for sale||$300,714||-8.7%|
|4+ bed for sale||$300,178||+213.7%|
During Oct 2021, the average price for an apartment in/near Mountain City, TN increased by 68.5% to $292,495.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $209,949 with no changes this month. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $300,714. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $300,178 for a big-family home.
|Listing Type||Oct||vs Last Month|
|Apartments for sale||$189,571||+298.3%|
|Lofts for sale||$374,950||+56.2%|
|Houses for sale||$344,653||+4.6%|
|Condos for sale||$169,999||N/A|
While assessing the property pricing Mountain City, TN, you can note that it remains flat with a price tag of $189,571. According to statistics, average house is still $344,653 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $169,999. The price statistics of lofts have not significantly changed, it now still goes for $374,950.
Let’s disrupt the home rental industry together. Invest today and get discounts on future rentals.Invest Now
Your perks are here and your account is now upgraded. Thanks for investing in Rentberry.Accept