Living in Bogota, TN
Bogota, TN, is a quaint town perfect for those seeking a family-friendly environment with a touch of rural charm. Residents enjoy a close-knit community with access to outdoor activities and essential amenities. This small town is an ideal place for individuals and families wanting a peaceful lifestyle.
Current Market Conditions in Bogota, TN
The real estate market in Bogota is marked by its small-town charm and affordability. Homes are relatively priced lower than urban areas, attracting first-time buyers and those looking for a tranquil lifestyle away from the hustle. Demand is stable, with a gradual increase in home prices as the community sees some growth in interest from nearby urban centers.
With the current market trends, it seems buyers are increasingly looking for single-family homes that provide ample outdoor space. As people prioritize home offices and larger yards, Bogota's charm lies in providing these features at reasonable prices.
Home Value Estimator For Bogota, TN
There are currently 42 real estate properties
in Bogota, TN,
with a median automated valuation model (AVM) price
of $80,854.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Bogota, 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 Bogota, TN,
is $103,678.00, with the most expensive house
in Bogota, TN, topping out
at $740,412.00 and the cheapest home
in Bogota, TN,
clocking in at $10,858.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Bogota, TN!
Rent Prices
In Bogota, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Bogota, TN, is on
a rollercoaster ride. The
average rent price in Bogota, TN,
is $812.00. Indeed, when looking to rent in
Bogota, TN, you can expect to pay as little
as $550.00 or as much
as $1,640.00,
with the average rent median estimated to
be $760.00. The good news is that finding
an affordable and desirable property to rent in Bogota, 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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