Reasons to Move to Shelby County, TN
Prospective homebuyers are clearly taking advantage of the current interest rates and numerous government assistance programs. These interest rates mean homebuyers in Shelby County can now afford much more house for the same monthly payment compared to when rates are higher. Motivated and opportunistic sellers in Shelby County can field multiple offers from more qualified buyers, making it a dynamic market for both buyers and sellers.
What type of property to buy in Shelby County,
Our extensive database in Shelby County includes 7 preforeclosures, foreclosure auction properties, bankruptcies, REOs (real estate owned by lenders), and properties from HUD, VA, Fannie Mae, and other government agencies in Shelby County. We also feature listings from over 100 corporate sellers. Our information is updated daily, sourced directly from these entities, ensuring you receive the freshest and most accurate data. This meticulously compiled and organized collection makes your search as straightforward as possible. Only www.foreclosure.com offers this unparalleled, trustworthy resource, backed by our commitment to providing expert, authoritative, and up-to-date information. Visit our FAQ section to read more about the different listing types and how to purchase them.
Pros and Cons of Living in Shelby County, TN
How do you know that living in—or moving to— Shelby County is the right choice for you? Perhaps you grew up in Shelby County or already live nearby, making the decision to buy a home here a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Shelby County for work or just looking for a fresh start, understanding the neighborhood from afar (online) can be challenging and exhausting.
Here are some expert tips to consider when shopping for foreclosed homes for sale in Shelby County:
- Neighborhood Environment: Do you prefer a suburban, urban, or rural setting?
- Shopping and Dining: What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local), and businesses (small, big, mixed) would you like nearby?
- Leisure Activities: What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
- Commute: What type of commute (car, plane, home office) suits your lifestyle?
Creating a "Pros vs. Cons" list of what you need in a home and neighborhood is always a helpful step in making an informed decision. With expert insights and up-to-date market data from foreclosure.com, you can confidently explore the opportunities in Shelby County, .
Germantown, TN Foreclosures
How much do homes sell for in Germantown, TN?
The average home price is currently $572,057.
In Germantown, TN, how many homes are available?
There are currently 7 active home listings available in Germantown.
What’s the average rental cost in Germantown, TN?
The average rental price in Germantown is $2,296.
What is the most expensive home in Germantown?
The most expensive home sold in Germantown had a price of $7,123,134.
What is currently the cheapest priced home in Germantown, TN?
The cheapest home for sale in Germantown is priced at $27,710.
Living in Germantown, TN
Germantown, TN is a suburban haven known for its excellent schools, beautiful neighborhoods, and vibrant community life. This area combines the convenience of city living with the charm of a small town, providing residents with ample parks, recreational activities, and family amenities.
Current Market Conditions in Germantown, TN
The Germantown real estate market is currently strong, characterized by a steady increase in home values due to high demand and limited supply. Many families are drawn to this area due to its desirable schools and community amenities, which continues to drive new home construction and development.
As of late 2023, homes in Germantown are appreciating in value, with many properties experiencing 3-5% price increases over the past year. The luxury market, in particular, has seen a notable surge, with high-end listings attracting buyers looking for larger homes and premium amenities.
Home Value Estimator For Germantown, TN
There are currently 13,742 real estate properties
in Germantown, TN,
with a median automated valuation model (AVM) price
of $492,419.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Germantown, 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 Germantown, TN,
is $572,057.00, with the most expensive house
in Germantown, TN, topping out
at $7,123,134.00 and the cheapest home
in Germantown, TN,
clocking in at $27,710.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Germantown, TN!
Rent Prices
In Germantown, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Germantown, TN, is on
a rollercoaster ride. The
average rent price in Germantown, TN,
is $2,296.00. Indeed, when looking to rent in
Germantown, TN, you can expect to pay as little
as $750.00 or as much
as $3,640.00,
with the average rent median estimated to
be $2,260.00. The good news is that finding
an affordable and desirable property to rent in Germantown, 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.
Learn more on Foreclosure homes
