37354, Madisonville, TN

The 37354 zip code of Madisonville, TN is located in the southeastern part of the state and has a population of around 10,000. Home prices in this zip code have been increasing steadily over the past few years, reaching a peak in early 2018. At present, home prices are slightly lower than they were at their peak but are still above where they were a few years ago.

One reason why home prices in this zip code have been rising steadily is that there is a high demand for homes here. The area is growing rapidly and new businesses are moving into the area every day. Additionally, many people who live in this zip code are young and have plenty of money to spend on housing.

Another factor that has contributed to the increase in home prices in this zip code is low interest rates. Since banks are able to get away with lending more money to people who want to buy homes, there has been an increase in demand for homes. In addition, since many people who live in this zip code have good credit ratings, they can get loans even if their credit score isn't as high as it could be.

Despite all these reasons why home prices have been increasing steadily in the 37354 zip code of Madisonville, TN over the past few years, there may be some signs that things may start to slow down soon. One reason why this might happen is because there is already a lot of inventory available for sale here and when buyers start to become more selective about what homes they want to buy, it will likely lead to fewer sales being made overall.