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Foreclosures in Luray, TN

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Luray, TN Foreclosures

How much do homes sell for in Luray, TN?
The average home price is currently $245,012.
In Luray, TN, how many homes are available?
There are currently 1 active home listings available in Luray.
What’s the average rental cost in Luray, TN?
The average rental price in Luray is $1,051.
What is the most expensive home in Luray?
The most expensive home sold in Luray had a price of $1,289,158.
What is currently the cheapest priced home in Luray, TN?
The cheapest home for sale in Luray is priced at $8,028.

Living in Luray, TN

Luray, TN, is a charming rural town that offers a peaceful lifestyle surrounded by nature. Residents enjoy a well-connected community with various local amenities, schools, and recreational opportunities. With its enchanting landscapes, Luray is perfect for families and individuals seeking tranquility close to nature.

Current Market Conditions in Luray, TN

The real estate market in Luray is characterized by steady growth, as more individuals and families seek affordable housing options outside of larger cities. This trend has led to a gradual increase in property values over the past few years, making it an appealing market for both first-time home buyers and investors.

As of late 2023, Luray's market reflects a balanced inventory of homes for sale amidst steady demand. The community's rural appeal continues to attract those looking for values, resulting in competitive listings within the market. Many homes in the area typically see multiple offers highlighting its desirability.

Home Value Estimator For Luray, TN

There are currently 225 real estate properties in Luray, TN, with a median automated valuation model (AVM) price of $188,548.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Luray, 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 Luray, TN, is $245,012.00, with the most expensive house in Luray, TN, topping out at $1,289,158.00 and the cheapest home in Luray, TN, clocking in at $8,028.00. In other words, there’s something for every potential homebuyer or savvy investor in Luray, TN!

Rent Prices In Luray, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Luray, TN, is on a rollercoaster ride. The average rent price in Luray, TN, is $1,051.00. Indeed, when looking to rent in Luray, TN, you can expect to pay as little as $600.00 or as much as $2,160.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Luray, 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.

Luray, TN Foreclosures


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