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Foreclosure Homes in Newbern, TN 38059

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Newbern, TN Foreclosures

How much do homes sell for in Newbern, TN?
The average home price is currently $181,835.
In Newbern, TN, how many homes are available?
There are currently 33 active home listings available in Newbern.
What’s the average rental cost in Newbern, TN?
The average rental price in Newbern is $871.
What is the most expensive home in Newbern?
The most expensive home sold in Newbern had a price of $6,159,864.
What is currently the cheapest priced home in Newbern, TN?
The cheapest home for sale in Newbern is priced at $7,601.

Living in Newbern, TN

Newbern, TN is a quaint small town that boasts a rich historical background and a friendly community vibe. With affordable housing and an array of outdoor activities available, it's ideal for families and individuals seeking a peaceful lifestyle.

Current Market Conditions in Newbern, TN

The real estate market in Newbern, TN is stable, with a balanced mix of buyers and sellers. The median home prices are lower than the national average, making it an attractive location for first-time homebuyers looking for affordability in a quiet town.

Potential investors are noticing the growth in Newbern's market, particularly due to the rise of remote work, which allows more people to seek homes outside of crowded urban centers.

Home Value Estimator For Newbern, TN

There are currently 3,194 real estate properties in Newbern, TN, with a median automated valuation model (AVM) price of $152,845.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Newbern, 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 Newbern, TN, is $181,835.00, with the most expensive house in Newbern, TN, topping out at $6,159,864.00 and the cheapest home in Newbern, TN, clocking in at $7,601.00. In other words, there’s something for every potential homebuyer or savvy investor in Newbern, TN!

Rent Prices In Newbern, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Newbern, TN, is on a rollercoaster ride. The average rent price in Newbern, TN, is $871.00. Indeed, when looking to rent in Newbern, TN, you can expect to pay as little as $410.00 or as much as $1,840.00, with the average rent median estimated to be $820.00. The good news is that finding an affordable and desirable property to rent in Newbern, 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.

Newbern, TN 38059 Foreclosures

Market Trend for Newbern, TN

Total Listings Available: 33

Market Values:

Home Prices from $7,601 to $6,159,864

Average Sales Price: $181,835

Rental Values:

Rental from $410 to $1,840

Average Rent Value: $871 / month

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