Bumpus Mills, TN Foreclosures
Current Market Conditions in in Bumpus Mills, TN As of February 2026?
In the past month, Bumpus Mills has experienced a slight upward trend in home sales, driven by increased interest from prospective buyers looking for affordable rural living options. Inventory levels remain manageable, ensuring that interested buyers have a variety of options to choose from. The overall sentiment in the market is positive, as homes are selling within a reasonable time frame, sometimes even attracting multiple offers. However, prices have only seen modest increases, indicating that while demand is rising, the market is still accessible for new entrants.
How much do homes sell for in Bumpus Mills, TN?
The average home price is currently $245,694.
In Bumpus Mills, TN, how many homes are available?
There are currently 2 active home listings available in Bumpus Mills.
What’s the average rental cost in Bumpus Mills, TN?
The average rental price in Bumpus Mills is $885.
What is the most expensive home in Bumpus Mills?
The most expensive home sold in Bumpus Mills had a price of $2,161,369.
What is currently the cheapest priced home in Bumpus Mills, TN?
The cheapest home for sale in Bumpus Mills is priced at $17,700.
Living in Bumpus Mills, TN
Bumpus Mills, TN, is a quaint and serene community nestled in the country, offering beautiful landscapes and a relaxed lifestyle. Residents can enjoy a variety of outdoor activities nearby, as well as essential services and amenities to meet their daily needs. This friendly and welcoming locale is perfect for families and retirees looking for a peaceful living environment.
Buyer vs Seller Market in Bumpus Mills, TN
The real estate market in Bumpus Mills is relatively stable, characterized by modest price increases in recent months. Home values have seen a gradual uptick, reflecting the area's appeal for those seeking a quieter lifestyle away from urban centers. The demand for properties, especially single-family homes, remains steady as buyers look for affordable options in a serene environment.
Given its proximity to Kentucky Lake, many buyers are targeting properties for vacation rentals or second homes, which has contributed to the steady price growth. Investors and families alike are taking notice of Bumpus Mills as an ideal spot for both living and investment.
Home Value Estimator For Bumpus Mills, TN
There are currently 401 real estate properties
in Bumpus Mills, TN,
with a median automated valuation model (AVM) price
of $175,857.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Bumpus Mills, 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 Bumpus Mills, TN,
is $245,694.00, with the most expensive house
in Bumpus Mills, TN, topping out
at $2,161,369.00 and the cheapest home
in Bumpus Mills, TN,
clocking in at $17,700.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Bumpus Mills, TN!
Rent Prices
In Bumpus Mills, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Bumpus Mills, TN, is on
a rollercoaster ride. The
average rent price in Bumpus Mills, TN,
is $885.00. Indeed, when looking to rent in
Bumpus Mills, TN, you can expect to pay as little
as $570.00 or as much
as $1,750.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Bumpus Mills, 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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