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Foreclosure Homes in Leoma, TN

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Leoma, TN Foreclosures

Current Market Conditions in in Leoma, TN As of April 2026?
Over the past month, Leoma's housing market has seen a moderate increase in home sales, spurred by seasonal factors and low mortgage rates. The average home price has risen slightly, reflecting ongoing demand despite a limited supply of homes. Many prospective buyers have been drawn to the area's charm and amenities, which has kept the market active.
How much do homes sell for in Leoma, TN?
The average home price is currently $267,208.
In Leoma, TN, how many homes are available?
There are currently 12 active home listings available in Leoma.
What’s the average rental cost in Leoma, TN?
The average rental price in Leoma is $1,031.
What is the most expensive home in Leoma?
The most expensive home sold in Leoma had a price of $3,570,486.
What is currently the cheapest priced home in Leoma, TN?
The cheapest home for sale in Leoma is priced at $7,424.

Living in Leoma, TN

Leoma, TN is a tranquil and friendly small town in Lawrence County, known for its welcoming community and beautiful rural scenery. It provides a perfect setting for a laid-back lifestyle, with plenty of outdoor activities available in the area. The town is conveniently close to larger cities for additional amenities and entertainment.

Buyer vs Seller Market in Leoma, TN

The real estate market in Leoma has shown steady growth over the past year, driven by the increasing popularity of rural living. More families and retirees are seeking properties in quieter towns like Leoma, which has resulted in a slight increase in home values.

Current market trends indicate a balanced market with modest price growth, though inventory remains relatively low. This creates a competitive environment for buyers, while also providing good opportunities for sellers.

Home Value Estimator For Leoma, TN

There are currently 2,185 real estate properties in Leoma, TN, with a median automated valuation model (AVM) price of $233,022.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Leoma, 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 Leoma, TN, is $267,208.00, with the most expensive house in Leoma, TN, topping out at $3,570,486.00 and the cheapest home in Leoma, TN, clocking in at $7,424.00. In other words, there’s something for every potential homebuyer or savvy investor in Leoma, TN!

Rent Prices In Leoma, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Leoma, TN, is on a rollercoaster ride. The average rent price in Leoma, TN, is $1,031.00. Indeed, when looking to rent in Leoma, TN, you can expect to pay as little as $510.00 or as much as $1,920.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Leoma, 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.

Leoma, TN Foreclosures


Market Trend for Leoma, TN

Total Listings Available: 12

Market Values:

Home Prices from $7,424 to $3,570,486

Average Sales Price: $267,208

Rental Values:

Rental from $510 to $1,920

Average Rent Value: $1,031 / month

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