Short Sale Listings in Collierville, TN

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Home Value Estimator For Collierville, TN

There are currently 16,662 real estate properties in Collierville, TN, with a median automated valuation model (AVM) price of $417,250.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Collierville, 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 Collierville, TN, is $449,792.00, with the most expensive house in Collierville, TN, topping out at $5,065,644.00 and the cheapest home in Collierville, TN, clocking in at $22,902.00. In other words, there’s something for every potential homebuyer or savvy investor in Collierville, TN!

Rent Prices In Collierville, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Collierville, TN, is on a rollercoaster ride. The average rent price in Collierville, TN, is $2,105.00. Indeed, when looking to rent in Collierville, TN, you can expect to pay as little as $610.00 or as much as $3,520.00, with the average rent median estimated to be $2,050.00. The good news is that finding an affordable and desirable property to rent in Collierville, 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.

Top Reasons To Live In Collierville, TN In 2024

Collierville is located in Shelby, Tennessee, with an estimated municipal population of 51,040 residents. All of the best foreclosed homes for sale in Collierville are located in the following zip code areas on 38139 38017 38027. The estimated population per square kilometer (.62 miles) in Collierville is 544.

Cost Of Living In Collierville, TN

So, about how much do homes cost in Collierville? The most recent median value of resident-owned homes in Collierville is 318,897. An estimated 79.2 percent of households in Collierville own their homes, with an average family size of 3.27. The median household income in Collierville is 113,996, with56.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Collierville, the median commute time of resident workers (in minutes) is 25.5. And last, but certainly not least, are you looking for homes to rent in Collierville? If so, the average rent price paid by renters in Collierville is 1,331, according to recent statistics.

Diversity And Demographics In Collierville, Tennessee

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 Collierville, 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 Collierville is 40.2, split between 47.5 percent male versus 52.5 female. The percentage of residents who report being married in Collierville is 65.8, with an average family size of 3.27.

The percentage of residents who report their race in Collierville is as follows:

White 72.7%
Black / African American 13.7%
Asian 9.3%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.9%
Other 1%

Looking for family-friendly neighborhoods in and/or near Collierville? Or maybe you are searching for 55+ active adult communities in and/or near Collierville?

The percentage of residents who report their age in Collierville is as follows:

Under 10 12.9%
Aged 10-19 15%
20s 9.3%
30s 12.3%
40s 14.6%
50s 14.3%
60s 13.2%
70s 5.4%
80+ 2.9%

Best Schools In Collierville, Tennessee

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 Collierville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Collierville.

Pros And Cons Of Living In Collierville, Tennessee

How do you know that living in -- or moving to -- Collierville is right where you need to be? Perhaps you grew up in Collierville or already live nearby; therefore, the decision to buy a home in Collierville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Collierville 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 Collierville:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Collierville.

Reasons To Move To Collierville, Tennessee, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Collierville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Collierville, meanwhile, can field multiple offers from more qualified buyers.

Collierville, TN Short Sale Listings


Listing types in Collierville, TN

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