McKenzie, TN

McKenzie is a small town located in the northeast corner of Tennessee. The population was just over 2,000 in 2010. McKenzie is known for its natural resources, including coal and natural gas reserves. It also has a number of timber and agricultural businesses.

The real estate market in McKenzie is very competitive. There are a limited number of homes available for sale, and prices have been increasing rapidly over the past few years. In general, homes in McKenzie cost about $100,000 more than similar homes in nearby cities such as Johnson City or Knoxville.

There are a number of reasons why the McKenzie real estate market is so competitive. First, there are relatively few homes available for sale compared to other cities of comparable size. Second, many people who want to buy a home in McKenzie must compete with investors who are looking to purchase property on short-term basis. This means that buyers can often find properties that are already pre-owned but still need to undergo some repairs or modifications before they can be sold to the public. Finally, the local economy has been struggling recently due to low oil prices and other factors outside of McKenzie's control. This has made it difficult for people who work in related industries such as construction or agriculture to find jobs here, which has led them to look elsewhere for housing options.