Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cerro Gordo area can be challenging. Home prices in Cerro Gordo are now at a median cost of $143,251, lower than the Tennessee average of $218,916.
The average cost of rent is $666/mo in Cerro Gordo, primarily driven by the current value of real estate in the Cerro Gordo area. While nearly 45.57% of residents own their homes outright in Cerro Gordo, 11.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cerro Gordo is $4,869 per month. Households that rent pay about 13.68% of their income on rent here. Cerro Gordo's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Swift, TN: less expensive homes
- Saltillo, TN: less expensive homes
- Savannah, TN: equally priced homes
- Morris Chapel, TN: equally priced homes
- Olivehill, TN: less expensive homes
- Crossroads, TN: less expensive homes
- Walkertown, TN: less expensive homes
- Bethlehem, TN: less expensive homes
- Crump, TN: equally priced homes
- Milledgeville, TN: less expensive homes
Cities with Similar Populations
- Blair, WV: less expensive homes
- Brand, VA: higher priced homes
- White Cap, MS: less expensive homes
- Point Pleasant, VA: equally priced homes
- Teges, KY: less expensive homes
- North Amity, ME: equally priced homes
- Blansett, AR: less expensive homes
- Blandville, WV: higher priced homes
- Larsen Bay, AK: less expensive homes
- Omo Ranch, CA: higher priced homes
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