Farragut, TN Foreclosures
How much do homes sell for in Farragut, TN?
The average home price is currently $367,267.
What’s the average rental cost in Farragut, TN?
The average rental price in Farragut is $1,427.
What is the most expensive home in Farragut?
The most expensive home sold in Farragut had a price of $3,231,295.
What is currently the cheapest priced home in Farragut, TN?
The cheapest home for sale in Farragut is priced at $17,140.
Living in Farragut, TN
Farragut is a vibrant suburban town located in Knox County, Tennessee, offering a blend of peaceful residential living with easy access to urban amenities. Its family-friendly atmosphere is enhanced by top-rated schools, parks, and a growing number of restaurants and shops. Residents enjoy a strong sense of community, with various events throughout the year that cater to people of all ages.
Current Market Conditions in Farragut, TN
The real estate market in Farragut, TN, has been thriving over the past year. With a blend of established homes and new construction, demand has remained high due to the area's reputation for excellent schools and family-friendly amenities. As of now, the average home price in Farragut has seen a steady increase, with several listings receiving multiple offers shortly after hitting the market, indicating a competitive market environment.
In addition to homes suited for families, there is also a growing interest among retirees seeking a peaceful but connected environment. This has contributed to diverse available listings, catering to a wide range of buyers, from first-time homebuyers to those looking for upscale properties.
Home Value Estimator For Farragut, TN
There are currently 443 real estate properties
in Farragut, TN,
with a median automated valuation model (AVM) price
of $257,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Farragut, 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 Farragut, TN,
is $367,267.00, with the most expensive house
in Farragut, TN, topping out
at $3,231,295.00 and the cheapest home
in Farragut, TN,
clocking in at $17,140.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Farragut, TN!
Rent Prices
In Farragut, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Farragut, TN, is on
a rollercoaster ride. The
average rent price in Farragut, TN,
is $1,427.00. Indeed, when looking to rent in
Farragut, TN, you can expect to pay as little
as $850.00 or as much
as $3,680.00,
with the average rent median estimated to
be $1,360.00. The good news is that finding
an affordable and desirable property to rent in Farragut, 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.
Learn more on Foreclosure homes
