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

 

Chestnut Mound, TN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Chestnut Mound area can be challenging. Home prices in Chestnut Mound are now at a median cost of $165,389, lower than the Tennessee average of $218,916.

The average cost of rent is $726/mo in Chestnut Mound, primarily driven by the current value of real estate in the Chestnut Mound area. While nearly 58.17% of residents own their homes outright in Chestnut Mound, 17.39% rent.

Housing affordability isn’t just about home prices, though. The average household income in Chestnut Mound is $4,890 per month. Households that rent pay about 14.86% of their income on rent here. Chestnut Mound's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.


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