There are currently 1,863 real estate properties in Roan Mountain, TN, with a median automated valuation model (AVM) price of $179,123.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Roan Mountain, 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 Roan Mountain, TN, is $223,709.00, with the most expensive house in Roan Mountain, TN, topping out at $2,212,000.00 and the cheapest home in Roan Mountain, TN, clocking in at $11,410.00. In other words, there’s something for every potential homebuyer or savvy investor in Roan Mountain, TN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Roan Mountain, TN, is on a rollercoaster ride. The average rent price in Roan Mountain, TN, is $979.00. Indeed, when looking to rent in Roan Mountain, TN, you can expect to pay as little as $400.00 or as much as $2,160.00, with the average rent median estimated to be $930.00. The good news is that finding an affordable and desirable property to rent in Roan Mountain, 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.
Roan Mountain is located in Carter, Tennessee, with an estimated municipal population of 1,301 residents. All of the best foreclosed homes for sale in Roan Mountain are located in the following zip code areas on Foreclosure.com: 37687. The estimated population per square kilometer (.62 miles) in Roan Mountain is 75.
So, about how much do homes cost in Roan Mountain? The most recent median value of resident-owned homes in Roan Mountain is 126,837. An estimated 88.5 percent of households in Roan Mountain own their homes, with an average family size of 2.95. The median household income in Roan Mountain is 52,989, with26.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Roan Mountain, the median commute time of resident workers (in minutes) is 25.4. And last, but certainly not least, are you looking for homes to rent in Roan Mountain? If so, the average rent price paid by renters in Roan Mountain is 756, 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 Roan Mountain, 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 Roan Mountain is 40.4, split between 54.8 percent male versus 45.2 female. The percentage of residents who report being married in Roan Mountain is 46.9, with an average family size of 2.95.
The percentage of residents who report their race in Roan Mountain is as follows:
|Black / African American
|American Indian / Alaskan Native
|Native Hawaiian / Other Pacifc Islander
Looking for family-friendly neighborhoods in and/or near Roan Mountain? Or maybe you are searching for 55+ active adult communities in and/or near Roan Mountain?
The percentage of residents who report their age in Roan Mountain is as follows:
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 Roan Mountain with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Roan Mountain.
How do you know that living in -- or moving to -- Roan Mountain is right where you need to be? Perhaps you grew up in Roan Mountain or already live nearby; therefore, the decision to buy a home in Roan Mountain is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Roan Mountain 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 Roan Mountain:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Roan Mountain.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Roan Mountain can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Roan Mountain, meanwhile, can field multiple offers from more qualified buyers.
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