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These days, finding an affordable place to live in the Benton area can be challenging. Home prices in Benton are now at a median cost of $212,722, lower than the Tennessee average of $315,131.
The average cost of rent is $690/mo in Benton, primarily driven by the current value of real estate in the Benton area. In Benton, 27.12% of households rent, and 38.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Benton is $5,314 per month. Households that rent pay about 12.98% of their income on rent here. Benton’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ocoee, TN: less expensive homes
- Parksville, TN: less expensive homes
- Delano, TN: less expensive homes
- Patty, TN: equally priced homes
- Reliance, TN: less expensive homes
- Watt Heights, TN: higher priced homes
- Charleston, TN: higher priced homes
- Old Fort, TN: less expensive homes
- Cleveland, TN: higher priced homes
- Towee, TN: less expensive homes
Cities with Similar Populations
- Attica, MI: higher priced homes
- Athens, PA: less expensive homes
- New Hope, AL: equally priced homes
- New Hartford, CT: higher priced homes
- Angie, LA: less expensive homes
- New Gloucester, ME: higher priced homes
- New Market, MD: higher priced homes
- Camino, CA: higher priced homes
- Ashburn, GA: less expensive homes
- Thiells, NY: higher priced homes
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