The Most Affordable Neighborhoods in Chestnut Grove, TN by Home Value

 

Chestnut Grove, TN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Chestnut Grove area can be challenging. Home prices in Chestnut Grove are now at a median cost of $168,384, lower than the Tennessee average of $218,916.

The average cost of rent is $758/mo in Chestnut Grove, primarily driven by the current value of real estate in the Chestnut Grove area. While nearly 57.26% of residents own their homes outright in Chestnut Grove, 23.83% rent.

Housing affordability isn’t just about home prices, though. The average household income in Chestnut Grove is $5,118 per month. Households that rent pay about 14.80% of their income on rent here. Chestnut Grove's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.


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