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Foreclosure Homes in Medon, TN

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Medon, TN Foreclosures

How much do homes sell for in Medon, TN?
The average home price is currently $195,744.
In Medon, TN, how many homes are available?
There are currently 6 active home listings available in Medon.
What’s the average rental cost in Medon, TN?
The average rental price in Medon is $933.
What is the most expensive home in Medon?
The most expensive home sold in Medon had a price of $3,080,563.
What is currently the cheapest priced home in Medon, TN?
The cheapest home for sale in Medon is priced at $2,765.

Living in Medon, TN

Medon, TN is a charming rural town that offers a peaceful lifestyle in the heart of Tennessee. With beautiful landscapes and a close-knit community, it's ideal for families and retirees seeking tranquility. The town is conveniently located near Jackson, providing residents with access to urban amenities while enjoying the benefits of small-town living.

Buyer vs Seller Market in Medon, TN

The real estate market in Medon is currently experiencing stability, characterized by a balanced supply and demand. Home prices are reasonable compared to larger metropolitan areas, making it an attractive option for first-time homebuyers and retirees. With its rural charm, the area remains appealing for those seeking a quieter lifestyle away from urban noise.

In recent months, Medon's market has shown a slight increase in home sales, attributed to buyers looking for affordability and outdoor space. Although competition is mild, homes in well-maintained condition tend to attract interest quickly.

Home Value Estimator For Medon, TN

There are currently 2,003 real estate properties in Medon, TN, with a median automated valuation model (AVM) price of $143,986.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Medon, 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 Medon, TN, is $195,744.00, with the most expensive house in Medon, TN, topping out at $3,080,563.00 and the cheapest home in Medon, TN, clocking in at $2,765.00. In other words, there’s something for every potential homebuyer or savvy investor in Medon, TN!

Rent Prices In Medon, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Medon, TN, is on a rollercoaster ride. The average rent price in Medon, TN, is $933.00. Indeed, when looking to rent in Medon, 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 $860.00. The good news is that finding an affordable and desirable property to rent in Medon, 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.

Medon, TN Foreclosures


Market Trend for Medon, TN

Total Listings Available: 6

Market Values:

Home Prices from $2,765 to $3,080,563

Average Sales Price: $195,744

Rental Values:

Rental from $510 to $1,940

Average Rent Value: $933 / month

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