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Bankruptcy Homes in Drummonds, TN

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Drummonds, TN Foreclosures

How much do homes sell for in Drummonds, TN?
The average home price is currently $221,560.
In Drummonds, TN, how many homes are available?
There are currently 19 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 $1,934,803.
What is currently the cheapest priced home in Drummonds, TN?
The cheapest home for sale in Drummonds is priced at $10,040.

Living in Drummonds, TN

Drummonds, TN, offers a unique blend of rural charm and suburban convenience. Located near Memphis, it provides easy access to urban amenities while maintaining a tight-knit community atmosphere. Residents enjoy a peaceful lifestyle with outdoor activities, quality schools, and local services right at their doorstep.

Current Market Conditions in Drummonds, TN

The real estate market in Drummonds, TN, has shown steady growth over the past few years, with moderate price increases indicative of a healthy demand for homes in the area. The community's appeal, combined with its proximity to Memphis, has attracted both new residents and investors, leading to a competitive market.

Recent trends indicate a growing interest in Drummonds due to its family-friendly environment and affordable housing options compared to bigger cities. New constructions and renovations are becoming more common as the area continues to attract families and young professionals.

Home Value Estimator For Drummonds, TN

There are currently 2,015 real estate properties in Drummonds, TN, with a median automated valuation model (AVM) price of $215,727.00. 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 $221,560.00, with the most expensive house in Drummonds, TN, topping out at $1,934,803.00 and the cheapest home in Drummonds, TN, clocking in at $10,040.00. 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 Bankruptcy Homes


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