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These days, finding an affordable place to live in the Cumberland Springs area can be challenging. Home prices in Cumberland Springs are now at a median cost of $203,998, lower than the Tennessee average of $315,131.
The average cost of rent is $891/mo in Cumberland Springs, primarily driven by the current value of real estate in the Cumberland Springs area. In Cumberland Springs, 23.47% of households rent, and 61.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cumberland Springs is $4,174 per month. Households that rent pay about 21.34% of their income on rent here. Cumberland Springs’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dayton, TN: equally priced homes
- Morgan Springs, TN: equally priced homes
- Evensville, TN: equally priced homes
- Ogden, TN: less expensive homes
- Watts Bar Dam, TN: equally priced homes
- Summer City, TN: less expensive homes
- New Harmony, TN: less expensive homes
- Nine Mile, TN: less expensive homes
- Graysville, TN: less expensive homes
- Pennine, TN: less expensive homes
Cities with Similar Populations
- Nemaha, NE: higher priced homes
- Munden, KS: less expensive homes
- Munster, ND: less expensive homes
- Myrtlewood, AL: less expensive homes
- Nada, TX: higher priced homes
- Waldron, MO: higher priced homes
- Naples Park, FL: higher priced homes
- Nashville, IA: less expensive homes
- Natrona, IL: less expensive homes
- Neath, PA: higher priced homes
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