The Most Affordable Neighborhoods in Cherokee Park, Nashville, TN by Home Value

 

Cherokee Park, Nashville, TN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cherokee Park area can be challenging. Home prices in Cherokee Park are now at a median cost of $797,283, higher than the Nashville average of $464,644.

The average cost of rent is $1,857/mo in Cherokee Park, primarily driven by the current value of real estate in the Cherokee Park area. In Cherokee Park, 60.16% of households rent, and 33.83% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Cherokee Park is $7,723 per month. Households that rent pay about 24.05% of their income on rent here. Cherokee Park’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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