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Rent To Own Homes in Loretto, TN

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Loretto, TN Foreclosures

How much do homes sell for in Loretto, TN?
The average home price is currently $219,071.
In Loretto, TN, how many homes are available?
There are currently 3 active home listings available in Loretto.
What’s the average rental cost in Loretto, TN?
The average rental price in Loretto is $983.
What is the most expensive home in Loretto?
The most expensive home sold in Loretto had a price of $1,273,980.
What is currently the cheapest priced home in Loretto, TN?
The cheapest home for sale in Loretto is priced at $8,214.

Living in Loretto, TN

Loretto, TN is a quaint town offering a peaceful living environment surrounded by picturesque landscapes. Known for its family-friendly atmosphere, Loretto boasts local amenities, outdoor recreational areas, and a strong sense of community, making it an attractive choice for housing. The town provides good educational facilities and is conveniently located near larger urban centers.

Current Market Conditions in Loretto, TN

The current real estate market in Loretto is seeing a steady increase in home values, driven by the demand for charming rural homes. Buyers are drawn to the affordability and the welcoming nature of the town, leading to a competitive market for potential homebuyers.

Trends indicate that homes are staying on the market for shorter durations, reflecting a robust interest in purchasing property in this area. The influx of families and retirees seeking quieter lifestyles contributes to the positive outlook for the housing market in Loretto.

Home Value Estimator For Loretto, TN

There are currently 1,654 real estate properties in Loretto, TN, with a median automated valuation model (AVM) price of $198,560.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Loretto, 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 Loretto, TN, is $219,071.00, with the most expensive house in Loretto, TN, topping out at $1,273,980.00 and the cheapest home in Loretto, TN, clocking in at $8,214.00. In other words, there’s something for every potential homebuyer or savvy investor in Loretto, TN!

Rent Prices In Loretto, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Loretto, TN, is on a rollercoaster ride. The average rent price in Loretto, TN, is $983.00. Indeed, when looking to rent in Loretto, TN, you can expect to pay as little as $510.00 or as much as $1,940.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Loretto, 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.

Loretto, TN Rent To Own Homes

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