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Preforeclosure Homes in Savannah, TN

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Living in Savannah, TN

Savannah, TN is a charming small town located by the Tennessee River, known for its friendly community and rich history. The area offers a variety of amenities and activities for residents, including parks and local shops. With its convenient access to major highways, Savannah presents an excellent opportunity for real estate investment.

Current Market Conditions in Savannah, TN

The real estate market in Savannah, TN is currently experiencing a steady growth trend, driven by an increasing interest from young families and retirees seeking a tranquil lifestyle. Home prices are competitive relative to surrounding areas, making it an appealing choice for both buyers and investors.

Properties in Savannah tend to sell quickly, reflecting a strong demand for housing in this serene community. Investors can anticipate favorable returns on rental properties due to the town's economic stability and community-oriented lifestyle.

Home Value Estimator For Savannah, TN

There are currently 7,877 real estate properties in Savannah, TN, with a median automated valuation model (AVM) price of $158,684.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Savannah, 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 Savannah, TN, is $211,455.00, with the most expensive house in Savannah, TN, topping out at $11,020,000.00 and the cheapest home in Savannah, TN, clocking in at $4,805.00. In other words, there’s something for every potential homebuyer or savvy investor in Savannah, TN!

Rent Prices In Savannah, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Savannah, TN, is on a rollercoaster ride. The average rent price in Savannah, TN, is $951.00. Indeed, when looking to rent in Savannah, TN, you can expect to pay as little as $400.00 or as much as $3,080.00, with the average rent median estimated to be $870.00. The good news is that finding an affordable and desirable property to rent in Savannah, 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.

Savannah, TN Preforeclosure Homes


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