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These days, finding an affordable place to live in the Altamont area can be challenging. Home prices in Altamont are now at a median cost of $132,887, lower than the Tennessee average of $315,131.
The average cost of rent is $961/mo in Altamont, primarily driven by the current value of real estate in the Altamont area. In Altamont, 8.50% of households rent, and 65.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Altamont is $3,443 per month. Households that rent pay about 27.92% of their income on rent here. Altamont’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cumberland Heights, TN: higher priced homes
- Northcutts Cove, TN: equally priced homes
- Beersheba Springs, TN: less expensive homes
- Sweeton Hill, TN: higher priced homes
- Coalmont, TN: higher priced homes
- Dogtown, TN: higher priced homes
- Gruetli-Laager, TN: higher priced homes
- Winton Town, TN: higher priced homes
- Viola, TN: equally priced homes
- Pelham, TN: higher priced homes
Cities with Similar Populations
- Xenia, IL: higher priced homes
- Ramah, NM: less expensive homes
- Raymond, IL: equally priced homes
- Odebolt, IA: equally priced homes
- New Park, PA: higher priced homes
- Rockingham, GA: less expensive homes
- Blue River, WI: higher priced homes
- Nageezi, NM: less expensive homes
- Bennington, OK: equally priced homes
- Winter Park, CO: higher priced homes
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