We all tend to wonder what the house down the street sold for; especially knowing that it is going to impact the future market value of our own home. With that in mind I thought it would be interesting to take a look back at the median home values by street in a few neighborhoods.
Certainly we are all aware that some streets in any given area may have a prime value- hence the phrase “prime real estate”. But not every piece of property in any given area will be prime. By looking at an area with more of a “micro” approach, you may find that you can afford to buy in a certain area/neighborhood- it just may be a few streets over. The infographic that I created below gives you a quick snapshot of median sales, by street, in Knoxville’s Forest Heights neighborhood from 2011-2013.