![]() It's up to you and your agent to narrow them down. When house hunting, you'll likely have a lot of options to choose from. ![]() Determine what you need and want in a house With their help, you can house hunt, make offers, and negotiate with confidence. Unless you're a real estate expert, you'll need an experienced local real estate agent to help you navigate the market in Tennessee. Home to Middle Tennessee State University, this city's a great choice for investing in rental properties or for settling down in an intimate but cosmopolitan midsize city.įour ways to get a great deal on a home in Tennessee 1. ![]() Median home values are also higher than average. Murfreesboro is the only city on this list with a median household income that's higher than the national average. Boasting fantastic green spaces, parks, and a world-class aquarium, Chattanooga is one of the best kept secrets in Tennessee. Home values and median household income are lower than the national averages, but the cost of living is even lower. ChattanoogaĬhattanooga is a small city that's growing fast. Median home values are lower than the national average, though its crime rate is moderately higher than average. Its nightlife is well known, as is its barbecue, and it's one of the most affordable big cities in the country. Memphis is the largest city on the Mississippi River and home to three Fortune 500 companies. The area continues to grow rapidly, aided by its booming tourism industry and its prestige as the world capital of country music. Nashville is an affordable place to live, though its home values are higher than the national average (the median home value in Nashville is just over $236,000). There's also significant potential to invest in rental properties, thanks to the university. Homes are affordable here, with median home values about 20% lower than the national average. Home to the University of Tennessee, Knoxville has one of the lowest unemployment rates in the state, as well as a cost of living well below the national average. The best places to buy a home in Tennessee Knoxville □ Find a top buyer's agent near me today! They'll help you navigate the ins and outs of your market and find the best time to buy a house in Tennessee. The best way to find a home in your target market is to connect with a local realtor. While these are general rules of thumb, it's important to remember that price trends can vary from city to city - and there may even be anomalies within certain neighborhoods. It's likely no coincidence that the month with the lowest closing prices follows the month with the longest time on the market after a sluggish January, sellers tend to be very open to negotiating in February. Homes sell for about 6.7% less than the yearlong average. The next month, in February, is the time of year when homes sell for their lowest average price. And desperate sellers lead to more deals for buyers. Sellers know that the longer their property is on the market, the worse their chances of selling. That's because homes tend to linger on the market longest in January, tallying just over eight days longer than the yearlong average. ![]() In January, sellers are often highly motivated to sell, even if they have to sell for a lower price. The best time to buy a home in Tennessee is during the post-holiday winter months, if you're looking for the best bargain. The best time to buy a house in Tennessee Are you a top realtor? Join Clever’s networkĭo you want to close more loans? Join Clever's partnership program
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