There are currently 2,740 real estate properties in Bean Station, TN, with a median automated valuation model (AVM) price of $192,249.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bean Station, 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 Bean Station, TN, is $228,352.00, with the most expensive house in Bean Station, TN, topping out at $1,733,042.00 and the cheapest home in Bean Station, TN, clocking in at $8,205.00. In other words, there’s something for every potential homebuyer or savvy investor in Bean Station, TN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bean Station, TN, is on a rollercoaster ride. The average rent price in Bean Station, TN, is $1,022.00. Indeed, when looking to rent in Bean Station, TN, you can expect to pay as little as $510.00 or as much as $2,140.00, with the average rent median estimated to be $990.00. The good news is that finding an affordable and desirable property to rent in Bean Station, 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.
Bean Station is located in Grainger, Tennessee, with an estimated municipal population of 3,113 residents. All of the best foreclosed homes for sale in Bean Station are located in the following zip code areas on Foreclosure.com: 37708. The estimated population per square kilometer (.62 miles) in Bean Station is 200.
So, about how much do homes cost in Bean Station? The most recent median value of resident-owned homes in Bean Station is 132,455. An estimated 80.3 percent of households in Bean Station own their homes, with an average family size of 3.28. The median household income in Bean Station is 43,011, with11.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bean Station, the median commute time of resident workers (in minutes) is 24.6. And last, but certainly not least, are you looking for homes to rent in Bean Station? If so, the average rent price paid by renters in Bean Station is 630, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Bean Station, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Bean Station is 48.8, split between 52.2 percent male versus 47.8 female. The percentage of residents who report being married in Bean Station is 53.7, with an average family size of 3.28.
The percentage of residents who report their race in Bean Station is as follows:
|Black / African American
|American Indian / Alaskan Native
|Native Hawaiian / Other Pacifc Islander
Looking for family-friendly neighborhoods in and/or near Bean Station? Or maybe you are searching for 55+ active adult communities in and/or near Bean Station?
The percentage of residents who report their age in Bean Station is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Bean Station with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bean Station.
How do you know that living in -- or moving to -- Bean Station is right where you need to be? Perhaps you grew up in Bean Station or already live nearby; therefore, the decision to buy a home in Bean Station is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bean Station for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Bean Station:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bean Station.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bean Station can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bean Station, meanwhile, can field multiple offers from more qualified buyers.
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