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Affordable
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These days, finding an affordable place to live in the Elm Springs area can be challenging. Home prices in Elm Springs are now at a median cost of $266,300, lower than the Tennessee average of $315,131.
The average cost of rent is $281/mo in Elm Springs, primarily driven by the current value of real estate in the Elm Springs area. In Elm Springs, 15.34% of households rent, and 54.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elm Springs is $6,319 per month. Households that rent pay about 4.45% of their income on rent here. Elm Springs’s most expensive areas are in the central 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
- Williams Springs, TN: less expensive homes
- Washburn, TN: less expensive homes
- Sandlick, TN: less expensive homes
- Pennington Chapel, TN: less expensive homes
- Chittum, TN: less expensive homes
- New Tazewell, TN: less expensive homes
- Puncheon Camp, TN: less expensive homes
- Rose Hill, TN: less expensive homes
- Springdale, TN: less expensive homes
- Powder Springs, TN: less expensive homes
Cities with Similar Populations
- Crisp, IL: less expensive homes
- Sunset, AR: less expensive homes
- Willsboro Point, NY: equally priced homes
- Wilpen, PA: less expensive homes
- Dalewood, SC: less expensive homes
- Cypress, LA: less expensive homes
- Tabernacle, AL: less expensive homes
- Taff, AL: less expensive homes
- Taft, SC: less expensive homes
- Sumner, MO: less expensive homes
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