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Foreclosure Auction Homes in Newport, TN

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Newport, TN Foreclosures

How much do homes sell for in Newport, TN?
The average home price is currently $186,941.
In Newport, TN, how many homes are available?
There are currently 3 active home listings available in Newport.
What’s the average rental cost in Newport, TN?
The average rental price in Newport is $881.
What is the most expensive home in Newport?
The most expensive home sold in Newport had a price of $17,141,568.
What is currently the cheapest priced home in Newport, TN?
The cheapest home for sale in Newport is priced at $4,794.

Living in Newport, TN

Newport, TN, is a picturesque small town nestled in the Smoky Mountains, known for its friendly community and rich history. Residents enjoy access to numerous outdoor activities, local shops, and seasonal festivals that enhance the town's charming atmosphere. With essential amenities and a welcoming environment, Newport offers a unique blend of nature and community living.

Current Market Conditions in Newport, TN

The real estate market in Newport, TN, is currently experiencing a favorable shift, with an increasing number of buyers seeking homes in this serene setting. The town's appeal lies in its affordability, which continues to attract first-time homeowners and retirees looking for a peaceful lifestyle. The combination of affordable housing prices and the area's scenic beauty is contributing to steady growth in property values.

Many homes in Newport are selling quickly due to the competitive market and increased demand for rural living. Since more people are working remotely and seeking quieter communities, Newport has seen a rise in interest from out-of-state buyers. Overall, the local economy is stable, and the outlook for the housing market remains positive as more individuals recognize the benefits of living in Newport.

Home Value Estimator For Newport, TN

There are currently 9,196 real estate properties in Newport, TN, with a median automated valuation model (AVM) price of $159,268.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Newport, 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 Newport, TN, is $186,941.00, with the most expensive house in Newport, TN, topping out at $17,141,568.00 and the cheapest home in Newport, TN, clocking in at $4,794.00. In other words, there’s something for every potential homebuyer or savvy investor in Newport, TN!

Rent Prices In Newport, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Newport, TN, is on a rollercoaster ride. The average rent price in Newport, TN, is $881.00. Indeed, when looking to rent in Newport, TN, you can expect to pay as little as $430.00 or as much as $2,560.00, with the average rent median estimated to be $840.00. The good news is that finding an affordable and desirable property to rent in Newport, 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.

Newport, TN Foreclosure Auction Homes


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