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Preforeclosure Homes in Elora, TN 37328

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Elora, TN Foreclosures

How much do homes sell for in Elora, TN?
The average home price is currently $295,028.
In Elora, TN, how many homes are available?
There are currently 4 active home listings available in Elora.
What’s the average rental cost in Elora, TN?
The average rental price in Elora is $1,173.
What is the most expensive home in Elora?
The most expensive home sold in Elora had a price of $2,386,000.
What is currently the cheapest priced home in Elora, TN?
The cheapest home for sale in Elora is priced at $12,525.

Living in Elora, TN

Elora, TN is a quaint small town that offers a peaceful living environment surrounded by beautiful landscapes. With its strong community ties and accessible amenities, it's an excellent choice for families and those looking to escape the hustle of urban life. Outdoor enthusiasts will appreciate the nearby parks and recreational activities that enhance the region's rural charm.

Current Market Conditions in Elora, TN

The real estate market in Elora is characterized by a mixture of historical charm and modern developments. With an emphasis on single-family homes, this town presents a solid opportunity for both first-time buyers and seasoned investors. Recent statistics indicate a steady increase in home values as demand for housing in this tranquil area grows.

With a small inventory of homes available, prospective buyers often face stiff competition, especially for well-maintained properties. The market has seen a trend where homes are selling quickly, often above the asking price, indicating a robust demand.

Home Value Estimator For Elora, TN

There are currently 541 real estate properties in Elora, TN, with a median automated valuation model (AVM) price of $198,672.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elora, 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 Elora, TN, is $295,028.00, with the most expensive house in Elora, TN, topping out at $2,386,000.00 and the cheapest home in Elora, TN, clocking in at $12,525.00. In other words, there’s something for every potential homebuyer or savvy investor in Elora, TN!

Rent Prices In Elora, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elora, TN, is on a rollercoaster ride. The average rent price in Elora, TN, is $1,173.00. Indeed, when looking to rent in Elora, TN, you can expect to pay as little as $720.00 or as much as $2,250.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Elora, 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.

Elora, TN 37328 Preforeclosure Homes


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