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Rent To Own Homes in Jellico, TN

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Hoot-owl-hollow-ln-Jellico-TN-37762
Preforeclosure
$61,200 EMV

Hoot Owl Hollow Ln
Jellico, TN 37762

| 2 Bath | 1,200 Sq. Ft.

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Home Value Estimator For Jellico, TN

There are currently 452 real estate properties in Jellico, TN, with a median automated valuation model (AVM) price of $80,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Jellico, 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 Jellico, TN, is $93,435.00, with the most expensive house in Jellico, TN, topping out at $825,000.00 and the cheapest home in Jellico, TN, clocking in at $13,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Jellico, TN!


Rent Prices In Jellico, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Jellico, TN, is on a rollercoaster ride. The average rent price in Jellico, TN, is $749.00. Indeed, when looking to rent in Jellico, TN, you can expect to pay as little as $510.00 or as much as $2,220.00, with the average rent median estimated to be $690.00. The good news is that finding an affordable and desirable property to rent in Jellico, 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 Jellico, TN

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


Top Reasons To Live In Jellico, TN In 2021

Jellico is located in Campbell, Tennessee, with an estimated municipal population of 2,165 residents. All of the best foreclosed homes for sale in Jellico are located in the following zip code areas on Foreclosure.com: 37762 37847. The estimated population per square kilometer (.62 miles) in Jellico is 134.


Cost Of Living In Jellico, TN

So, about how much do homes cost in Jellico? The most recent median value of resident-owned homes in Jellico is 95,883. An estimated 44.6 percent of households in Jellico own their homes, with an average family size of 2.94. The median household income in Jellico is 21,000, with9.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Jellico, the median commute time of resident workers (in minutes) is 24.9. And last, but certainly not least, are you looking for homes to rent in Jellico? If so, the average rent price paid by renters in Jellico is 460, according to recent statistics.


Diversity And Demographics In Jellico, 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 Jellico, 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 Jellico is 48.6, split between 52.7 percent male versus 47.3 female. The percentage of residents who report being married in Jellico is 50.9, with an average family size of 2.94.

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

White 94.6%
Black / African American 1.2%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.8%
Other 0.4%

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

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

Under 10 16.5%
Aged 10-19 6.3%
20s 8.1%
30s 9.8%
40s 13%
50s 14.2%
60s 11.8%
70s 14.4%
80+ 5.9%

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


Pros And Cons Of Living In Jellico, Tennessee

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

  • 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 Jellico.


Reasons To Move To Jellico, 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 Jellico can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Jellico, meanwhile, can field multiple offers from more qualified buyers.

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