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These days, finding an affordable place to live in the Cheap Hill area can be challenging. Home prices in Cheap Hill are now at a median cost of $348,076, higher than the Tennessee average of $315,131.
The average cost of rent is $1,199/mo in Cheap Hill, primarily driven by the current value of real estate in the Cheap Hill area. In Cheap Hill, 10.66% of households rent, and 46.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cheap Hill is $7,362 per month. Households that rent pay about 16.29% of their income on rent here. Cheap Hill’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chapmansboro, TN: equally priced homes
- Henrietta, TN: less expensive homes
- Neptune, TN: less expensive homes
- Pleasant View, TN: higher priced homes
- Fox Bluff, TN: less expensive homes
- Lockertsville, TN: less expensive homes
- Ashland City, TN: less expensive homes
- Turnersville, TN: less expensive homes
- Southside, TN: less expensive homes
- Coopertown, TN: higher priced homes
Cities with Similar Populations
- Auvinen Corner, MI: less expensive homes
- Zenith, KS: less expensive homes
- Tamarack, MI: less expensive homes
- Tar Hill, KY: less expensive homes
- Yancopin, AR: less expensive homes
- Carp, MN: less expensive homes
- Lawton, ND: less expensive homes
- Northland, MI: less expensive homes
- Woodrow, WV: less expensive homes
- Arena, ND: less expensive homes
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