Monroe, TN Foreclosures
How much do homes sell for in Monroe, TN?
The average home price is currently $259,150.
In Monroe, TN, how many homes are available?
There are currently 5 active home listings available in Monroe.
What’s the average rental cost in Monroe, TN?
The average rental price in Monroe is $873.
What is the most expensive home in Monroe?
The most expensive home sold in Monroe had a price of $2,261,028.
What is currently the cheapest priced home in Monroe, TN?
The cheapest home for sale in Monroe is priced at $8,634.
Living in Monroe, TN
Monroe, TN, is a charming small town characterized by its friendly community atmosphere and scenic natural surroundings. With numerous outdoor activities available, such as fishing and hiking, residents appreciate a relaxed lifestyle. Monroe boasts essential amenities, making it an ideal place for families and individuals alike seeking a break from city life.
Current Market Conditions in Monroe, TN
The real estate market in Monroe, TN, is currently experiencing a steady growth trend, supported by an increase in demand for single-family homes. The average home prices have seen a modest rise, as more families and retirees are discovering the charm of small-town living coupled with accessible amenities. Transitional developments and renovations in older homes add to the area's appeal as attractive investment opportunities arise.
Growing demand for housing has led to a competitive market in Monroe, particularly for affordable family homes which are in high demand among first-time buyers. As the area continues to expand, we expect to see sustained interest in new constructions and real estate developments. It is crucial for prospective buyers to act quickly, as listings tend to sell faster than in previous years.
Home Value Estimator For Monroe, TN
There are currently 812 real estate properties
in Monroe, TN,
with a median automated valuation model (AVM) price
of $201,208.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Monroe, 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 Monroe, TN,
is $259,150.00, with the most expensive house
in Monroe, TN, topping out
at $2,261,028.00 and the cheapest home
in Monroe, TN,
clocking in at $8,634.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Monroe, TN!
Rent Prices
In Monroe, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Monroe, TN, is on
a rollercoaster ride. The
average rent price in Monroe, TN,
is $873.00. Indeed, when looking to rent in
Monroe, TN, you can expect to pay as little
as $470.00 or as much
as $1,970.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Monroe, 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.
Learn more on Foreclosure homes
