There are currently 3,643 real estate properties in Tellico Plains, TN, with a median automated valuation model (AVM) price of $201,939.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tellico Plains, 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 Tellico Plains, TN, is $235,737.00, with the most expensive house in Tellico Plains, TN, topping out at $4,460,000.00 and the cheapest home in Tellico Plains, TN, clocking in at $6,599.00. In other words, there’s something for every potential homebuyer or savvy investor in Tellico Plains, TN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tellico Plains, TN, is on a rollercoaster ride. The average rent price in Tellico Plains, TN, is $1,105.00. Indeed, when looking to rent in Tellico Plains, TN, you can expect to pay as little as $540.00 or as much as $3,020.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Tellico Plains, 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.
Tellico Plains is located in Monroe, Tennessee, with an estimated municipal population of 909 residents. All of the best foreclosed homes for sale in Tellico Plains are located in the following zip code areas on Foreclosure.com: 37385. The estimated population per square kilometer (.62 miles) in Tellico Plains is 179.
So, about how much do homes cost in Tellico Plains? The most recent median value of resident-owned homes in Tellico Plains is 100,174. An estimated 55.7 percent of households in Tellico Plains own their homes, with an average family size of 3.2. The median household income in Tellico Plains is 27,059, with6.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Tellico Plains, 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 Tellico Plains? If so, the average rent price paid by renters in Tellico Plains is 389, 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 Tellico Plains, 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 Tellico Plains is 35.9, split between 44.9 percent male versus 55.1 female. The percentage of residents who report being married in Tellico Plains is 41.9, with an average family size of 3.2.
The percentage of residents who report their race in Tellico Plains is as follows:
| White | 97.6% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2.4% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Tellico Plains? Or maybe you are searching for 55+ active adult communities in and/or near Tellico Plains?
The percentage of residents who report their age in Tellico Plains is as follows:
| Under 10 | 17.5% |
| Aged 10-19 | 13.9% |
| 20s | 12.7% |
| 30s | 8.3% |
| 40s | 11.3% |
| 50s | 10.7% |
| 60s | 10.5% |
| 70s | 10.1% |
| 80+ | 5.1% |
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 Tellico Plains with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Tellico Plains.
How do you know that living in -- or moving to -- Tellico Plains is right where you need to be? Perhaps you grew up in Tellico Plains or already live nearby; therefore, the decision to buy a home in Tellico Plains is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Tellico Plains 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 Tellico Plains:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Tellico Plains.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Tellico Plains can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Tellico Plains, meanwhile, can field multiple offers from more qualified buyers.
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