There are currently 2,226 real estate properties in MORRISON, TN, with a median automated valuation model (AVM) price of $165,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in MORRISON, 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 MORRISON, TN, is $198,596.00, with the most expensive house in MORRISON, TN, topping out at $2,922,700.00 and the cheapest home in MORRISON, TN, clocking in at $28,300.00. In other words, there’s something for every potential homebuyer or savvy investor in MORRISON, TN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in MORRISON, TN, is on a rollercoaster ride. The average rent price in MORRISON, TN, is $1,042.00. Indeed, when looking to rent in MORRISON, TN, you can expect to pay as little as $500.00 or as much as $2,140.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in MORRISON, 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.
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