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Foreclosure Auction Homes in Mcminnville, TN

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Mcminnville, TN Foreclosures

How much do homes sell for in Mcminnville, TN?
The average home price is currently $293,248.
In Mcminnville, TN, how many homes are available?
There are currently 7 active home listings available in Mcminnville.
What’s the average rental cost in Mcminnville, TN?
The average rental price in Mcminnville is $1,101.
What is the most expensive home in Mcminnville?
The most expensive home sold in Mcminnville had a price of $5,622,559.
What is currently the cheapest priced home in Mcminnville, TN?
The cheapest home for sale in Mcminnville is priced at $8,186.

Living in Mcminnville, TN

McMinnville, TN, is a picturesque small town offering a blend of historic charm and outdoor adventure. Known for its beautiful parks and vibrant community, it features a rich downtown area filled with unique shops and dining options. With a close-knit atmosphere, it’s ideal for families and retirees seeking a peaceful lifestyle.

Current Market Conditions in Mcminnville, TN

The real estate market in McMinnville has shown a steady growth trend over the past year, with an increase in demand for single-family homes. This growth is attributed to the town's appealing lifestyle, low cost of living, and proximity to larger urban centers, making it an attractive option for both first-time homebuyers and retirees. Properties in desirable neighborhoods are experiencing competitive offers, which is contributing to the rise in home prices.

Investors are also showing interest in the McMinnville market due to its potential for rental income, driven by an influx of new residents and a strong local economy. The presence of local businesses and amenities continues to support the housing market as economic stability fosters confidence among homebuyers.

Home Value Estimator For Mcminnville, TN

There are currently 3,547 real estate properties in Mcminnville, TN, with a median automated valuation model (AVM) price of $212,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mcminnville, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mcminnville, TN, is $293,248.00, with the most expensive house in Mcminnville, TN, topping out at $5,622,559.00 and the cheapest home in Mcminnville, TN, clocking in at $8,186.00. In other words, there’s something for every potential homebuyer or savvy investor in Mcminnville, TN!

Rent Prices In Mcminnville, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mcminnville, TN, is on a rollercoaster ride. The average rent price in Mcminnville, TN, is $1,101.00. Indeed, when looking to rent in Mcminnville, TN, you can expect to pay as little as $450.00 or as much as $2,340.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Mcminnville, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Mcminnville, TN Foreclosure Auction Homes


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