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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, Tennessee, is a historical mountain town that offers a unique blend of natural beauty and a strong sense of community. Nestled at the tri-state junction of Tennessee, Virginia, and Kentucky, it provides access to outdoor recreation, charming local shops, and intimate community events. With a focus on education and family-friendly amenities, it’s a delightful place to live.

Current Market Conditions in Cumberland Gap, TN

The real estate market in Cumberland Gap has demonstrated steady growth in recent years, characterized by an influx of new residents attracted by the town's charm and affordable housing options. Homes are relatively inexpensive compared to larger urban areas, making it an appealing option for first-time buyers and retirees.

Despite being a small town, the demand for real estate has increased, particularly for properties that offer proximity to outdoor activities. As more people seek remote living options, Cumberland Gap's unique location and natural beauty continue to drive interest in the housing market.

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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