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Foreclosure Homes in Cumberland Gap, TN

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Cumberland Gap, TN Foreclosures

How much do homes sell for in Cumberland Gap, TN?
The average home price is currently $181,798.
In Cumberland Gap, TN, how many homes are available?
There are currently 4 active home listings available in Cumberland Gap.
What’s the average rental cost in Cumberland Gap, TN?
The average rental price in Cumberland Gap is $950.
What is the most expensive home in Cumberland Gap?
The most expensive home sold in Cumberland Gap had a price of $2,017,280.
What is currently the cheapest priced home in Cumberland Gap, TN?
The cheapest home for sale in Cumberland Gap is priced at $4,386.

Living in Cumberland Gap, TN

Cumberland Gap is a serene town nestled in the Appalachian Mountains, at the border of Tennessee, Kentucky, and Virginia. Known for its picturesque landscapes and rich history, this charming town offers a blend of outdoor recreation and small-town hospitality. Residents enjoy hiking, mountain biking, and exploring the local parks, making it an idyllic spot for nature lovers.

Current Market Conditions in Cumberland Gap, TN

The real estate market in Cumberland Gap is experiencing a steady increase in interest, particularly from those seeking a quieter lifestyle or retirement options. The prices are generally affordable compared to larger cities, making it an attractive option for first-time homebuyers and retirees alike.

There is a growing trend of people relocating from urban areas to enjoy the peaceful, scenic beauty that Cumberland Gap offers. With more families and individuals drawn to the area, home prices have begun to rise, but opportunities for investment remain strong.

Home Value Estimator For Cumberland Gap, TN

There are currently 993 real estate properties in Cumberland Gap, TN, with a median automated valuation model (AVM) price of $152,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cumberland Gap, 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 Cumberland Gap, TN, is $181,798.00, with the most expensive house in Cumberland Gap, TN, topping out at $2,017,280.00 and the cheapest home in Cumberland Gap, TN, clocking in at $4,386.00. In other words, there’s something for every potential homebuyer or savvy investor in Cumberland Gap, TN!

Rent Prices In Cumberland Gap, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cumberland Gap, TN, is on a rollercoaster ride. The average rent price in Cumberland Gap, TN, is $950.00. Indeed, when looking to rent in Cumberland Gap, TN, you can expect to pay as little as $450.00 or as much as $2,530.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Cumberland Gap, 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.

Cumberland Gap, TN Foreclosures

Market Trend for Cumberland Gap, TN

Total Listings Available: 4

Market Values:

Home Prices from $4,386 to $2,017,280

Average Sales Price: $181,798

Rental Values:

Rental from $450 to $2,530

Average Rent Value: $950 / month

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