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Preforeclosure Homes in Leoma, TN

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5 View this home at Prosser Rd Leoma TN 38468
Preforeclosure
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$112,958 EMV
Prosser Rd
Leoma, TN 38468
Single-Family
1
|
1,637
EST. RENT: $1,092
|
AUCTION: 04-09-2024
Single-Family
1
|
1,637
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Home Value Estimator For Leoma, TN

There are currently 1,781 real estate properties in Leoma, TN, with a median automated valuation model (AVM) price of $224,420.00. 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 $251,265.00, with the most expensive house in Leoma, TN, topping out at $3,071,565.00 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 $1,035.00. 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.


Top Reasons To Live In Leoma, TN In 2024

All of the best foreclosed homes for sale in Leoma are located in the following zip code areas on Foreclosure.com: 38468. The estimated population per square kilometer (.62 miles) in Leoma is 105.4.


Diversity And Demographics In Leoma, Tennessee

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Leoma, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

Looking for family-friendly neighborhoods in and/or near Leoma? Or maybe you are searching for 55+ active adult communities in and/or near Leoma?


Best Schools In Leoma, Tennessee

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Leoma with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Leoma.


Pros And Cons Of Living In Leoma, Tennessee

How do you know that living in -- or moving to -- Leoma is right where you need to be? Perhaps you grew up in Leoma or already live nearby; therefore, the decision to buy a home in Leoma is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Leoma for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Leoma:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Leoma.


Reasons To Move To Leoma, Tennessee, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Leoma can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Leoma, meanwhile, can field multiple offers from more qualified buyers.

Leoma, TN Preforeclosure Homes


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