Living in Bogota, TN
Bogota, TN, is a peaceful town that combines rural charm with suburban conveniences. It features beautiful landscapes, family-friendly neighborhoods, and a strong sense of community. The area is well-served by educational facilities and essential amenities, making it a great place to live and invest in real estate.
Current Market Conditions in Bogota, TN
The real estate market in Bogota, TN, has shown steady growth over the past few years, attracting both first-time homebuyers and investors. Homes in this area are currently drawing interest due to their affordability compared to nearby towns, making it a competitive market for new listings.
Trends indicate an increase in demand for single-family homes and properties with larger yards, as buyers seek more space following recent shifts towards remote work. Investors can capitalize on these trends by considering properties that meet these criteria.
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 $78,583.00. 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 $102,126.00, with the most expensive house
in Bogota, TN, topping out
at $738,315.00 and the cheapest home
in Bogota, TN,
clocking in at $10,794.00. 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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