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Foreclosures 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 $181,558.
In Newbern, TN, how many homes are available?
There are currently 1 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 $4,078,202.
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 provides a peaceful living experience surrounded by a friendly community. With local amenities and access to outdoor activities, it is well-suited for families and retirees. Additionally, its proximity to larger towns offers convenience without sacrificing serenity.

Current Market Conditions in Newbern, TN

Newbern's real estate market has shown steady growth over the past few years, characterized by a healthy mix of single-family homes and rental properties. The demand for homes in the area remains strong due to the town's appeal for families and retirees, contributing to an uptick in property values.

In recent months, Newbern has been attracting more homebuyers looking for affordable options compared to surrounding larger cities. As a result, homes are selling faster, and inventory is tightening, indicating a competitive market favoring sellers.

Home Value Estimator For Newbern, TN

There are currently 3,193 real estate properties in Newbern, TN, with a median automated valuation model (AVM) price of $153,303.00. 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 $181,558.00, with the most expensive house in Newbern, TN, topping out at $4,078,202.00 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

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