Foreclosure Homes in Millington, TN

Current Market Conditions in Millington, TN

Millington's real estate market has shown resilience with consistent demand for single-family homes and a gradual increase in property values. As more families relocate to the area for its affordability compared to nearby Memphis, the market remains competitive, particularly for well-maintained homes in desirable neighborhoods.

Inventory levels have slightly decreased, leading to rising prices, especially for homes on spacious lots or near schools and parks. Buyers are increasingly seeking homes that provide ample outdoor space, which has driven up demand in the suburban areas of Millington.

Rent Prices In Millington, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Millington, TN, is on a rollercoaster ride. The average rent price in Millington, TN, is $1,216.00. Indeed, when looking to rent in Millington, TN, you can expect to pay as little as $610.00 or as much as $3,000.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Millington, 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.