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Foreclosure Auction 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 $183,519.
In Cumberland Gap, TN, how many homes are available?
There are currently 3 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, TN is a quaint town that combines rich history with stunning natural beauty. Sitting at the convergence of three states, it offers a peaceful lifestyle with access to outdoor adventures at the nearby Cumberland Gap National Historical Park. The local community is tight-knit and provides a mix of small-town charm and essential amenities.

Current Market Conditions in Cumberland Gap, TN

The real estate market in Cumberland Gap is currently seeing a trend toward more buyers searching for properties, especially as remote work becomes more popular. Homes are often being sold quickly, with many properties receiving multiple offers. Buyers are drawn to the area’s natural beauty and historical significance, making it a competitive market for interested home seekers.

Trends indicate a steady appreciation in home values as more people are relocating to rural and suburban areas like Cumberland Gap. This shift is leading to an increase in property investments, as the quality of life attracts those looking to escape urban congestion.

Home Value Estimator For Cumberland Gap, TN

There are currently 994 real estate properties in Cumberland Gap, TN, with a median automated valuation model (AVM) price of $154,019.00. 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 $183,519.00, 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 Foreclosure Auction Homes


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