Foreclosure Homes in Ooltewah, TN

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Ooltewah, TN Foreclosures

How much do homes sell for in Ooltewah, TN?
The average home price is currently $437,638.
In Ooltewah, TN, how many homes are available?
There are currently 12,448 active home listings available in Ooltewah.
What’s the average rental cost in Ooltewah, TN?
The average rental price in Ooltewah is $1,761.
What is the most expensive home in Ooltewah, Tennessee?
The most expensive home sold in Ooltewah had a price of $11,160,000.
What is currently the cheapest priced home in Ooltewah, TN?
The cheapest home for sale in Ooltewah is priced at $23,656.

Home Value Estimator For Ooltewah, TN

There are currently 12,448 real estate properties in Ooltewah, TN, with a median automated valuation model (AVM) price of $376,694.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ooltewah, 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 Ooltewah, TN, is $437,638.00, with the most expensive house in Ooltewah, TN, topping out at $11,160,000.00 and the cheapest home in Ooltewah, TN, clocking in at $23,656.00. In other words, there’s something for every potential homebuyer or savvy investor in Ooltewah, TN!

Rent Prices In Ooltewah, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ooltewah, TN, is on a rollercoaster ride. The average rent price in Ooltewah, TN, is $1,761.00. Indeed, when looking to rent in Ooltewah, TN, you can expect to pay as little as $580.00 or as much as $3,640.00, with the average rent median estimated to be $1,640.00. The good news is that finding an affordable and desirable property to rent in Ooltewah, 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 Ooltewah, TN In 2024

Ooltewah is located in Hamilton, Tennessee, with an estimated municipal population of 756 residents. All of the best foreclosed homes for sale in Ooltewah are located in the following zip code areas on 37363. The estimated population per square kilometer (.62 miles) in Ooltewah is 472.

Diversity And Demographics In Ooltewah, 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 Ooltewah, 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 Ooltewah is 51.2, split between 54.4 percent male versus 45.6 female. The percentage of residents who report being married in Ooltewah is 57.9, with an average family size of 2.72.

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

White 93.9%
Black / African American 6.1%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

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

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

Under 10 6.6%
Aged 10-19 6.5%
20s 14.4%
30s 18.1%
40s 2.9%
50s 15.2%
60s 4.1%
70s 25.6%
80+ 6.5%

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

Pros And Cons Of Living In Ooltewah, Tennessee

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

  • 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 Ooltewah.

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

Ooltewah, TN Foreclosures


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