There are currently 736 real estate properties in Toone, TN, with a median automated valuation model (AVM) price of $111,871.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Toone, 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 Toone, TN, is $153,084.00, with the most expensive house in Toone, TN, topping out at $1,486,626.00 and the cheapest home in Toone, TN, clocking in at $2,015.00. In other words, there’s something for every potential homebuyer or savvy investor in Toone, TN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Toone, TN, is on a rollercoaster ride. The average rent price in Toone, TN, is $953.00. Indeed, when looking to rent in Toone, TN, you can expect to pay as little as $510.00 or as much as $2,370.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Toone, 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.
Toone is located in Hardeman, Tennessee, with an estimated municipal population of 334 residents. All of the best foreclosed homes for sale in Toone are located in the following zip code areas on Foreclosure.com: 38381. The estimated population per square kilometer (.62 miles) in Toone is 119.
So, about how much do homes cost in Toone? The most recent median value of resident-owned homes in Toone is 71,362. An estimated 67.9 percent of households in Toone own their homes, with an average family size of 3.56. The median household income in Toone is 29,000, with6.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Toone, the median commute time of resident workers (in minutes) is 29.4. And last, but certainly not least, are you looking for homes to rent in Toone? If so, the average rent price paid by renters in Toone is 633, 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 Toone, 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 Toone is 39.6, split between 60 percent male versus 40 female. The percentage of residents who report being married in Toone is 38.2, with an average family size of 3.56.
The percentage of residents who report their race in Toone is as follows:
| White | 38.5% |
| Black / African American | 57.9% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 3.6% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Toone? Or maybe you are searching for 55+ active adult communities in and/or near Toone?
The percentage of residents who report their age in Toone is as follows:
| Under 10 | 9.2% |
| Aged 10-19 | 19.1% |
| 20s | 13.8% |
| 30s | 9.2% |
| 40s | 10.7% |
| 50s | 10.4% |
| 60s | 12.3% |
| 70s | 6.8% |
| 80+ | 8.5% |
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 Toone with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Toone.
How do you know that living in -- or moving to -- Toone is right where you need to be? Perhaps you grew up in Toone or already live nearby; therefore, the decision to buy a home in Toone is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Toone 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 Toone:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Toone.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Toone can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Toone, meanwhile, can field multiple offers from more qualified buyers.
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