The Most Affordable Neighborhoods in Cotton Lake, TN by Home Value

These days, finding an affordable place to live in the Cotton Lake area can be challenging. Home prices in Cotton Lake are now at a median cost of $106,123, lower than the Tennessee average of $315,131.

The average cost of rent is $1,083/mo in Cotton Lake, primarily driven by the current value of real estate in the Cotton Lake area. In Cotton Lake, 35.81% of households rent, and 73.69% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Cotton Lake is $6,180 per month. Households that rent pay about 17.52% of their income on rent here. Cotton Lake’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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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