Living in Benton, TN
Benton, Tennessee, is a charming small town located in the heart of the Tennessee Valley. Known for its friendly community and beautiful natural surroundings, it offers a relaxing lifestyle for families and retirees alike. With its proximity to several lakes and parks, Benton is an ideal spot for outdoor enthusiasts looking to enjoy nature and recreational activities.
Current Market Conditions in Benton, TN
The real estate market in Benton, TN has shown steady growth over the past few years, attracting both first-time homebuyers and retirees. The demand for homes has increased, leading to a competitive market that favors sellers. However, prices remain relatively affordable compared to larger metropolitan areas, making it an attractive option for families looking to relocate.
Investors are also showing interest in Benton due to the potential for appreciation in property values, particularly in neighborhoods close to the river and recreational areas. With an influx of new residents, the housing market is likely to continue its upward trend, making now an opportune time to invest.
Home Value Estimator For Benton, TN
There are currently 2,778 real estate properties
in Benton, TN,
with a median automated valuation model (AVM) price
of $200,276.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Benton, 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 Benton, TN,
is $229,604.00, with the most expensive house
in Benton, TN, topping out
at $3,740,916.00 and the cheapest home
in Benton, TN,
clocking in at $6,362.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Benton, TN!
Rent Prices
In Benton, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Benton, TN, is on
a rollercoaster ride. The
average rent price in Benton, TN,
is $1,093.00. Indeed, when looking to rent in
Benton, TN, you can expect to pay as little
as $430.00 or as much
as $2,480.00,
with the average rent median estimated to
be $1,060.00. The good news is that finding
an affordable and desirable property to rent in Benton, 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.
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