Living in Norris, TN
Norris is a beautiful town in Tennessee known for its picturesque lake and outdoor recreational activities. With a strong sense of community and highly-rated schools, it is an excellent place for families and nature enthusiasts. Its location allows residents to enjoy both small-town charm and the conveniences of nearby urban areas.
Current Market Conditions in Norris, TN
The real estate market in Norris, TN, has shown steady growth over the past year. Properties have become increasingly desirable due to the area's natural beauty and tight-knit community atmosphere. Home values have experienced a rise alongside a stable inventory, attracting a mix of buyers from first-time homeowners to retirees looking for a peaceful retreat.
Recent trends indicate an influx of new residents drawn to Norris as remote work opportunities increase, allowing more people to escape urban environments for serene living. The rental market remains competitive, while the number of homes available has also seen an uptick, benefiting buyers in their searches.
Home Value Estimator For Norris, TN
There are currently 741 real estate properties
in Norris, TN,
with a median automated valuation model (AVM) price
of $274,742.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Norris, 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 Norris, TN,
is $306,377.00, with the most expensive house
in Norris, TN, topping out
at $7,550,000.00 and the cheapest home
in Norris, TN,
clocking in at $8,272.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Norris, TN!
Rent Prices
In Norris, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Norris, TN, is on
a rollercoaster ride. The
average rent price in Norris, TN,
is $1,196.00. Indeed, when looking to rent in
Norris, TN, you can expect to pay as little
as $540.00 or as much
as $2,800.00,
with the average rent median estimated to
be $1,120.00. The good news is that finding
an affordable and desirable property to rent in Norris, 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.
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