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Preforeclosure Homes in Millington, TN

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Living in Millington, TN

Millington, TN, is a charming city just north of Memphis, boasting a tight-knit community atmosphere with various local amenities. Residents can enjoy outdoor activities, quality schools, and historic sites while being conveniently close to urban resources. It's an ideal location for families and investors alike.

Current Market Conditions in Millington, TN

The real estate market in Millington is currently experiencing a steady growth trend. Property values have been appreciating moderately, reflecting the increasing demand for homes in the area. Investors are drawn to the affordable pricing and the potential for long-term value appreciation as local development continues.

With the expansion of local businesses and an influx of new residents, Millington presents a promising opportunity for real estate investment. Current market indicators suggest a balance between supply and demand, making it a favorable time for buyers and investors alike to consider entering the market.

Home Value Estimator For Millington, TN

There are currently 9,329 real estate properties in Millington, TN, with a median automated valuation model (AVM) price of $216,192.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Millington, 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 Millington, TN, is $248,942.00, with the most expensive house in Millington, TN, topping out at $11,098,599.00 and the cheapest home in Millington, TN, clocking in at $10,097.00. In other words, there’s something for every potential homebuyer or savvy investor in Millington, TN!

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.

Millington, TN Preforeclosure Homes


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