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These days, finding an affordable place to live in the Cumberland Gap area can be challenging. Home prices in Cumberland Gap are now at a median cost of $142,593, lower than the Tennessee average of $315,131.
The average cost of rent is $931/mo in Cumberland Gap, primarily driven by the current value of real estate in the Cumberland Gap area. In Cumberland Gap, 38.22% of households rent, and 44.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cumberland Gap is $3,367 per month. Households that rent pay about 27.65% of their income on rent here. Cumberland Gap’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lone Mountain, TN: higher priced homes
- Harrogate, TN: higher priced homes
- Middlesboro, KY: less expensive homes
- Lily Grove, TN: higher priced homes
- Meldrum, KY: less expensive homes
- Gibson Station, VA: less expensive homes
- Tazewell, TN: higher priced homes
- New Tazewell, TN: higher priced homes
- Colmar, KY: less expensive homes
- Hutch, KY: less expensive homes
Cities with Similar Populations
- Bridgeport, MI: equally priced homes
- Brookston, IN: higher priced homes
- Buena Vista, GA: less expensive homes
- Caledonia, IL: higher priced homes
- Cascade, IA: higher priced homes
- Danielsville, PA: higher priced homes
- Decatur, AR: higher priced homes
- East Newark, NJ: higher priced homes
- Luck, WI: higher priced homes
- Algona, WA: higher priced homes
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