There are currently 1,375 real estate properties in Medon, TN, with a median automated valuation model (AVM) price of $118,157.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Medon, 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 Medon, TN, is $166,080.00, with the most expensive house in Medon, TN, topping out at $1,644,374.00 and the cheapest home in Medon, TN, clocking in at $2,765.00. In other words, there’s something for every potential homebuyer or savvy investor in Medon, TN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Medon, TN, is on a rollercoaster ride. The average rent price in Medon, TN, is $946.00. Indeed, when looking to rent in Medon, TN, you can expect to pay as little as $510.00 or as much as $1,960.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Medon, 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.
Medon is located in Madison, Tennessee, with an estimated municipal population of 183 residents. All of the best foreclosed homes for sale in Medon are located in the following zip code areas on Foreclosure.com: 38356. The estimated population per square kilometer (.62 miles) in Medon is 71.
So, about how much do homes cost in Medon? The most recent median value of resident-owned homes in Medon is 95,078. An estimated 91.8 percent of households in Medon own their homes, with an average family size of 2.69. The median household income in Medon is 38,750, with17.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Medon, the median commute time of resident workers (in minutes) is 28.5. And last, but certainly not least, are you looking for homes to rent in Medon? If so, the average rent price paid by renters in Medon is 438, 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 Medon, 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 Medon is 43.1, split between 50.2 percent male versus 49.8 female. The percentage of residents who report being married in Medon is 40.9, with an average family size of 2.69.
The percentage of residents who report their race in Medon is as follows:
| White | 89.6% |
| Black / African American | 9% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.4% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Medon? Or maybe you are searching for 55+ active adult communities in and/or near Medon?
The percentage of residents who report their age in Medon is as follows:
| Under 10 | 7.2% |
| Aged 10-19 | 15.1% |
| 20s | 11.4% |
| 30s | 10.7% |
| 40s | 12.9% |
| 50s | 12.5% |
| 60s | 16.5% |
| 70s | 10.1% |
| 80+ | 3.6% |
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 Medon with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Medon.
How do you know that living in -- or moving to -- Medon is right where you need to be? Perhaps you grew up in Medon or already live nearby; therefore, the decision to buy a home in Medon is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Medon 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 Medon:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Medon.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Medon can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Medon, meanwhile, can field multiple offers from more qualified buyers.
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