Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Commerce area can be challenging. Home prices in Commerce are now at a median cost of $188,298, lower than the Tennessee average of $218,916.
The average cost of rent is $924/mo in Commerce, primarily driven by the current value of real estate in the Commerce area. While nearly 53.43% of residents own their homes outright in Commerce, 20.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Commerce is $3,862 per month. Households that rent pay about 23.92% of their income on rent here. Commerce's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Watertown, TN: higher priced homes
- Grant, TN: equally priced homes
- Shop Springs, TN: equally priced homes
- Brush Creek, TN: equally priced homes
- Sykes, TN: equally priced homes
- Alexandria, TN: equally priced homes
- Bellwood, TN: higher priced homes
- Rock City, TN: equally priced homes
- Prosperity, TN: higher priced homes
- Tanglewood, TN: equally priced homes
Cities with Similar Populations
- Rochester, KY: less expensive homes
- Benedict, NE: less expensive homes
- Bergland, MI: less expensive homes
- Bern, KS: less expensive homes
- Bethel, KY: less expensive homes
- Beulahville, VA: higher priced homes
- Bevinsville, KY: less expensive homes
- Bible Hill, TN: less expensive homes
- Wheeling, IN: less expensive homes
- Bigpatch, WI: higher priced homes
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