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Preforeclosure Homes in Gray, TN 37615

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Gray, TN Foreclosures

How much do homes sell for in Gray, TN?
The average home price is currently $340,952.
In Gray, TN, how many homes are available?
There are currently 3 active home listings available in Gray.
What’s the average rental cost in Gray, TN?
The average rental price in Gray is $1,304.
What is the most expensive home in Gray?
The most expensive home sold in Gray had a price of $7,726,179.
What is currently the cheapest priced home in Gray, TN?
The cheapest home for sale in Gray is priced at $13,687.

Living in Gray, TN

Gray, TN is a lovely suburban community providing a blend of tranquility and connectivity to larger cities in the Northeast Tennessee region. With its scenic beauty and outdoor embrace, Gray fosters a family-friendly atmosphere supported by local schools and amenities. Residents relish a laid-back lifestyle complemented by vibrant recreational opportunities.

Current Market Conditions in Gray, TN

The real estate market in Gray has shown consistent growth over the past year, with a noticeable increase in demand for residential properties. With more homebuyers seeking affordable options in suburban settings, Gray has become an appealing destination for those wishing to escape the hustle of city life while still being close to urban conveniences.

Recent trends indicate that Gray is experiencing a shift towards a seller’s market. As housing demand rises, inventory remains limited. Homes are selling quickly, often above asking price, signaling investor confidence in the area. Increased construction of new homes indicates that developers are responding to the growing interest in the community.

Home Value Estimator For Gray, TN

There are currently 6,228 real estate properties in Gray, TN, with a median automated valuation model (AVM) price of $285,433.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gray, 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 Gray, TN, is $340,952.00, with the most expensive house in Gray, TN, topping out at $7,726,179.00 and the cheapest home in Gray, TN, clocking in at $13,687.00. In other words, there’s something for every potential homebuyer or savvy investor in Gray, TN!

Rent Prices In Gray, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gray, TN, is on a rollercoaster ride. The average rent price in Gray, TN, is $1,304.00. Indeed, when looking to rent in Gray, TN, you can expect to pay as little as $570.00 or as much as $2,320.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Gray, 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.

Gray, TN 37615 Preforeclosure Homes


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