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Foreclosure Homes in Drummonds, TN 38023

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Drummonds, TN Foreclosures

How much do homes sell for in Drummonds, TN?
The average home price is currently $216,813.
In Drummonds, TN, how many homes are available?
There are currently 23 active home listings available in Drummonds.
What’s the average rental cost in Drummonds, TN?
The average rental price in Drummonds is $1,174.
What is the most expensive home in Drummonds?
The most expensive home sold in Drummonds had a price of $1,610,482.
What is currently the cheapest priced home in Drummonds, TN?
The cheapest home for sale in Drummonds is priced at $10,641.

Living in Drummonds, TN

Drummonds, TN is a peaceful rural community in Tipton County offering a blend of suburban comfort and rural charm. It's close to Memphis, providing easy access to urban amenities while maintaining a serene lifestyle. The area is perfect for families and retirees due to its affordable cost of living and strong community spirit.

Current Market Conditions in Drummonds, TN

The real estate market in Drummonds is currently seeing a steady increase in demand, with more families and individuals looking for affordable housing options that offer a peaceful environment. Home prices have been gradually rising, which indicates a growing interest in the area as more people seek to escape the hustle of city life.

Current trends suggest that the market is favoring sellers due to limited inventory coupled with increased buyer interest. The community's appealing lifestyle, along with reasonable property prices, makes it an attractive opportunity for real estate investment.

Home Value Estimator For Drummonds, TN

There are currently 2,014 real estate properties in Drummonds, TN, with a median automated valuation model (AVM) price of $206,808.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Drummonds, 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 Drummonds, TN, is $216,813.00, with the most expensive house in Drummonds, TN, topping out at $1,610,482.00 and the cheapest home in Drummonds, TN, clocking in at $10,641.00. In other words, there’s something for every potential homebuyer or savvy investor in Drummonds, TN!

Rent Prices In Drummonds, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Drummonds, TN, is on a rollercoaster ride. The average rent price in Drummonds, TN, is $1,174.00. Indeed, when looking to rent in Drummonds, TN, you can expect to pay as little as $730.00 or as much as $2,160.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Drummonds, 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.

Drummonds, TN 38023 Foreclosures


Market Trend for Drummonds, TN

Total Listings Available: 23

Market Values:

Home Prices from $10,641 to $1,610,482

Average Sales Price: $216,813

Rental Values:

Rental from $730 to $2,160

Average Rent Value: $1,174 / month

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