The Most Affordable Neighborhoods in Deer Lodge, TN by Home Value

These days, finding an affordable place to live in the Deer Lodge area can be challenging. Home prices in Deer Lodge are now at a median cost of $162,419, lower than the Tennessee average of $315,131.

The average cost of rent is $971/mo in Deer Lodge, primarily driven by the current value of real estate in the Deer Lodge area. In Deer Lodge, 13.98% of households rent, and 59.73% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Deer Lodge is $4,243 per month. Households that rent pay about 22.89% of their income on rent here. Deer Lodge’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern 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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