Foreclosures in Gallaway, TN

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12 Hwy-70-Gallaway-TN-38036
$49,900 List Price

Hwy 70
Gallaway, TN 38036

4 Bed | 2.5 Bath | 1,925 Sq. Ft.

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Home Value Estimator For Gallaway, TN

There are currently 90 real estate properties in Gallaway, TN, with a median automated valuation model (AVM) price of $97,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gallaway, 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 Gallaway, TN, is $139,524.00, with the most expensive house in Gallaway, TN, topping out at $719,000.00 and the cheapest home in Gallaway, TN, clocking in at $50,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Gallaway, TN!

Rent Prices In Gallaway, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gallaway, TN, is on a rollercoaster ride. The average rent price in Gallaway, TN, is $1,220.00. Indeed, when looking to rent in Gallaway, TN, you can expect to pay as little as $710.00 or as much as $2,720.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Gallaway, 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.

Foreclosure Homes in Gallaway, TN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Gallaway, TN area at Get information on foreclosure homes for rent, how to buy foreclosures in Gallaway, TN and much more. Save thousands at closing with home foreclosure listings in Gallaway, TN — up to 75% off market value!

Top Reasons To Live In Gallaway, TN In 2021

Gallaway is located in Fayette, Tennessee, with an estimated municipal population of 647 residents. All of the best foreclosed homes for sale in Gallaway are located in the following zip code areas on 38036 38002 38049. The estimated population per square kilometer (.62 miles) in Gallaway is 40.

Cost Of Living In Gallaway, TN

So, about how much do homes cost in Gallaway? The most recent median value of resident-owned homes in Gallaway is 132,300. An estimated 24.6 percent of households in Gallaway own their homes, with an average family size of 2.99. The median household income in Gallaway is 19,125, with2.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gallaway, the median commute time of resident workers (in minutes) is 29.9. And last, but certainly not least, are you looking for homes to rent in Gallaway? If so, the average rent price paid by renters in Gallaway is 498, according to recent statistics.

Diversity And Demographics In Gallaway, 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 Gallaway, 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 Gallaway is 45, split between 32.6 percent male versus 67.4 female. The percentage of residents who report being married in Gallaway is 20.2, with an average family size of 2.99.

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

White 38.3%
Black / African American 60.5%
Asian 0.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 1%

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

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

Under 10 12.6%
Aged 10-19 13.2%
20s 8.5%
30s 13.1%
40s 5.8%
50s 9.8%
60s 14.1%
70s 14.3%
80+ 8.7%

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

Pros And Cons Of Living In Gallaway, Tennessee

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

  • 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 Gallaway.

Reasons To Move To Gallaway, Tennessee, In 2021

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


Listing types in Gallaway, TN

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