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Foreclosure Homes in Elmwood, TN

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Elmwood, TN Foreclosures

How much do homes sell for in Elmwood, TN?
The average home price is currently $302,056.
In Elmwood, TN, how many homes are available?
There are currently 2 active home listings available in Elmwood.
What’s the average rental cost in Elmwood, TN?
The average rental price in Elmwood is $1,163.
What is the most expensive home in Elmwood?
The most expensive home sold in Elmwood had a price of $2,196,420.
What is currently the cheapest priced home in Elmwood, TN?
The cheapest home for sale in Elmwood is priced at $14,175.

Living in Elmwood, TN

Elmwood, TN is a quaint rural town that embodies the charm of small-town living. It offers residents a serene environment with strong community ties, excellent schools, and access to outdoor activities. Despite its small size, Elmwood features essential amenities and is not far from larger urban areas, making it a desirable place for families and those seeking tranquility.

Current Market Conditions in Elmwood, TN

The current real estate market in Elmwood shows signs of steady growth, with an increasing demand for homes as more individuals and families seek the charm of rural living. Prices have remained relatively stable, and there are opportunities for both new buyers and investors looking for rental properties or vacation homes.

In recent months, more buyers have entered the market, attracted by the affordable home prices compared to urban centers. This trend has led to a slight uptick in home values, indicating a positive shift for property owners.

Home Value Estimator For Elmwood, TN

There are currently 675 real estate properties in Elmwood, TN, with a median automated valuation model (AVM) price of $233,065.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elmwood, 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 Elmwood, TN, is $302,056.00, with the most expensive house in Elmwood, TN, topping out at $2,196,420.00 and the cheapest home in Elmwood, TN, clocking in at $14,175.00. In other words, there’s something for every potential homebuyer or savvy investor in Elmwood, TN!

Rent Prices In Elmwood, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elmwood, TN, is on a rollercoaster ride. The average rent price in Elmwood, TN, is $1,163.00. Indeed, when looking to rent in Elmwood, TN, you can expect to pay as little as $510.00 or as much as $1,900.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Elmwood, 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.

Elmwood, TN Foreclosures


Market Trend for Elmwood, TN

Total Listings Available: 2

Market Values:

Home Prices from $14,175 to $2,196,420

Average Sales Price: $302,056

Rental Values:

Rental from $510 to $1,900

Average Rent Value: $1,163 / month

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