According to statistics, the population in Sweetwater, TN amounts to 5,842, which shows decline -1% compared to the previous year. The median age of the city’s residents is 46. The average household income is $40,042, shifting growth 3% from the past year, and the average property value in Sweetwater, TN growth 3% to $113,700 throughout the year.
|Number Of Employees||2,261|
|Median Property Value||$113,700|
The average household income in Sweetwater, TN grew from $38,948 to $40,042 in the past year. This data is an estimate based upon 2,155 households in Sweetwater, TN . The chart below presents how household income is distributed in Sweetwater, TN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Sweetwater, TN shifted from $110,200 to $113,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Sweetwater, TN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Sweetwater, TN properties falls in the '$80,000 to $89,999' 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 Sweetwater, TN compared to median property taxes around the country. The prevalent amount of property taxes in Sweetwater, TN equals $800, which is less than the national average.
During Dec 2022, the average price for an apartment in/near Sweetwater, TN decreased by 1.5% to $251,588.
Knowing the current property prices is key if you plan to buy a studio in Sweetwater, TN. The average price for a studio has decreased since the last month, currently being $188,427. Asking price for 2-bed apartment also increased by 7.7% and a place of this size will now cost you $107,425. A 3-bed apartment goes for $277,415, it decreased by 1.6% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 9.4% and made it down to $304,450.
The average cost of an apartment in Sweetwater, TN decreased by 11.1% to $224,999. Price reports demonstrate that house price decreased by 3.1% this month making it up to $232,662. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $229,000. The average price of the land for sale in Sweetwater, TN has increased by 103.6%, and now equals $801,850.