Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Faxon area can be challenging. Home prices in Faxon are now at a median cost of $76,207, lower than the Tennessee average of $218,916.
The average cost of rent is $599/mo in Faxon, primarily driven by the current value of real estate in the Faxon area. While nearly 70.11% of residents own their homes outright in Faxon, 15.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in Faxon is $3,509 per month. Households that rent pay about 17.06% of their income on rent here. Faxon's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Big Sandy, TN: higher priced homes
- Magnolia, TN: higher priced homes
- Lick Creek, TN: higher priced homes
- McKinnon, TN: higher priced homes
- Lakeview Manor, TN: higher priced homes
- Manlyville, TN: higher priced homes
- Springville, TN: higher priced homes
- Stewart, TN: higher priced homes
- Forest Hill, TN: higher priced homes
- Tennessee Ridge, TN: higher priced homes
Cities with Similar Populations
- Ottumwa Junction, IA: higher priced homes
- Perkins, MO: higher priced homes
- Percival Crossroads, SC: higher priced homes
- Peppertown, IN: higher priced homes
- Peora, WV: higher priced homes
- Pearl Grange, MI: higher priced homes
- Patton Junction, MO: higher priced homes
- Paris, IN: higher priced homes
- Outlook, MT: equally priced homes
- Perryton, OH: higher priced homes
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