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Foreclosure Homes in Gates, TN

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Gates, TN Foreclosures

How much do homes sell for in Gates, TN?
The average home price is currently $137,959.
In Gates, TN, how many homes are available?
There are currently 11 active home listings available in Gates.
What’s the average rental cost in Gates, TN?
The average rental price in Gates is $869.
What is the most expensive home in Gates?
The most expensive home sold in Gates had a price of $1,489,616.
What is currently the cheapest priced home in Gates, TN?
The cheapest home for sale in Gates is priced at $4,074.

Living in Gates, TN

Gates, Tennessee is a quaint rural town offering a quiet lifestyle surrounded by picturesque landscapes. Residents enjoy a close-knit community, with access to outdoor activities and local amenities. The proximity to larger towns enhances the living experience, providing both serenity and convenience.

Current Market Conditions in Gates, TN

The real estate market in Gates is currently stable, characterized by a mix of affordable single-family homes and parcels of land for development. The low cost of living combined with attractive property prices makes it appealing for first-time buyers and investors alike.

As of late 2023, the market has seen a mild increase in demand, particularly for homes that offer larger lots and improved connectivity to neighboring towns. This trend is contributed to the growing popularity of remote work, prompting buyers to seek quieter environments away from busy city centers.

Home Value Estimator For Gates, TN

There are currently 850 real estate properties in Gates, TN, with a median automated valuation model (AVM) price of $106,043.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gates, 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 Gates, TN, is $137,959.00, with the most expensive house in Gates, TN, topping out at $1,489,616.00 and the cheapest home in Gates, TN, clocking in at $4,074.00. In other words, there’s something for every potential homebuyer or savvy investor in Gates, TN!

Rent Prices In Gates, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gates, TN, is on a rollercoaster ride. The average rent price in Gates, TN, is $869.00. Indeed, when looking to rent in Gates, TN, you can expect to pay as little as $510.00 or as much as $2,640.00, with the average rent median estimated to be $810.00. The good news is that finding an affordable and desirable property to rent in Gates, 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.

Gates, TN Foreclosures


Market Trend for Gates, TN

Total Listings Available: 11

Market Values:

Home Prices from $4,074 to $1,489,616

Average Sales Price: $137,959

Rental Values:

Rental from $510 to $2,640

Average Rent Value: $869 / month

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