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

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 $141,934, lower than the Tennessee average of $315,131.

The average cost of rent is $1,027/mo in Chestnut Grove, primarily driven by the current value of real estate in the Chestnut Grove area. In Chestnut Grove, 20.56% of households rent, and 55.86% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Chestnut Grove is $4,759 per month. Households that rent pay about 21.58% of their income on rent here. Chestnut Grove’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.

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

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