Elmwood, TN Foreclosures
How much do homes sell for in Elmwood, TN?
The average home price is currently $299,203.
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 $1,162.
What is the most expensive home in Elmwood?
The most expensive home sold in Elmwood had a price of $1,850,300.
What is currently the cheapest priced home in Elmwood, TN?
The cheapest home for sale in Elmwood is priced at $14,367.
Living in Elmwood, TN
Elmwood, located in the heart of Tennessee, offers a serene backdrop with an appealing rural charm. This small town is perfect for those looking to escape the hustle and bustle of city life while enjoying a slower pace surrounded by nature. Residents have access to various outdoor activities, making it a great place for families and nature enthusiasts alike.
Current Market Conditions in Elmwood, TN
The real estate market in Elmwood is stable, with a steady demand for homes. The charm of the area attracts a mix of families, retirees, and individuals looking for a peaceful place to live. Recently, there has been a noticeable increase in home renovations and developments as property values rise, indicating confidence in the market's growth.
Property prices have seen a moderate increase, driven by the town’s appeal and low inventory. Elmwood’s proximity to larger urban areas allows for easy commuting, making it attractive to those working in nearby cities but desiring a quieter home life.
Home Value Estimator For Elmwood, TN
There are currently 562 real estate properties
in Elmwood, TN,
with a median automated valuation model (AVM) price
of $233,670.00. 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 $299,203.00, with the most expensive house
in Elmwood, TN, topping out
at $1,850,300.00 and the cheapest home
in Elmwood, TN,
clocking in at $14,367.00. 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 $1,162.00. 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.
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