The Most Affordable Neighborhoods in Fayette Corners, TN by Home Value

These days, finding an affordable place to live in the Fayette Corners area can be challenging. Home prices in Fayette Corners are now at a median cost of $99,380, lower than the Tennessee average of $315,131.

The average cost of rent is $895/mo in Fayette Corners, primarily driven by the current value of real estate in the Fayette Corners area. In Fayette Corners, 30.37% of households rent, and 55.81% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Fayette Corners is $3,361 per month. Households that rent pay about 26.64% of their income on rent here. Fayette Corners’s most expensive areas are in the central regions, while the cheapest areas are in the eastern 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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