Welcome to our 38560 real estate data hub, tailored for investors in Elmwood, TN. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 38560 in Elmwood, TN. Discover Section 8 housing opportunities and challenges to maximize your investment potential in SMITH COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Elmwood, TN real estate investing. Uncover the wealth of information available, and position yourself for success in the Elmwood property market.
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Location Overview
- Zip Code: 38560
- City: Elmwood
- State: TN
- Metro Area: Nashville-Davidson–Murfreesboro–Franklin, TN
- County Name: SMITH COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $225,565
- Average Home Price (Single Family Homes): $228,279
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: 1.8%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $770
- Average 3 Bedroom Section 8 Rental Rates: $1,000
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 24.41
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.8
- Number of Units Offered in Section 8 in the County: 473
- Number of Occupied Units in Section 8 in the County: 461
- Percentage of Section 8 Units Occupied in the County: 97.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): Not Available
- Total % Appreciation since 2000 (Government Data): Not Available
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 5.09%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.77%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 57.09%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 86.89%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 207.95%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 228.25%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 343.56%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%