if you want to buy a vacation house for your family, and you can afford it, and you'll occasionally rent it out - that's great, it's just not an investment. 

I don't think it will continue to appreciate at that rate forever or honestly past the next few years but right now where prices are in relation to the median housing price of the surrounding market, the need for affordable housing/rents, etc, many people are continuing to flock to the our investment area which is continuing to push the prices of the properties in Chester up closer to the median housing price of the greater area.In regards to inflation, I don't think the inherent value has risen only the demand for the product itself.

It looks like you are doing an affordable build based on the cost but hard to say since you didnt provide info on the build itself such as square footage and finishes.

Even if the listing price is attractive, a higher flood insurance premium can make the property less affordable compared to a home outside the flood zone.

There are a lot of affordable properties in Knoxville, but the growth isn't terribly vibrant and the deman isn't what you'd expect for a city of that size and that close to the Smokies - you're mostly looking at college rentals for the meat of the move season, and the SF market, while it exists, doesn't really compare to Chattanooga. 

It stands out for its affordability, consistent appreciation, and reliable cash flow.

Tenants simply can’t afford this big bills and move out when lease is over or in February when they can’t pay the electric bill.

Home prices in OKC remain affordable compared to national averages, allowing investors to acquire properties with strong cash flow potential.

Lower property taxes, affordable housing compared to LA (CA buyers are usually cash buyers because what they net from their smaller home in CA can get them a bigger home here, often covered by what they net from their CA sale), allergies (smog), and politics. 

With affordable property prices and a growing rental market, it can be a great option for long-term cash flow.If maximizing short-term rental income is your priority, a home closer to Nashville could be worth the extra cost.