The Most Affordable Neighborhoods in Bloomington Springs, TN by Home Value

 

Bloomington Springs, TN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bloomington Springs area can be challenging. Home prices in Bloomington Springs are now at a median cost of $157,084, lower than the Tennessee average of $218,916.

The average cost of rent is $745/mo in Bloomington Springs, primarily driven by the current value of real estate in the Bloomington Springs area. While nearly 45.97% of residents own their homes outright in Bloomington Springs, 13.79% rent.

Housing affordability isn’t just about home prices, though. The average household income in Bloomington Springs is $5,085 per month. Households that rent pay about 14.66% of their income on rent here. Bloomington Springs's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.


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