The Most Affordable Neighborhoods in Five Points, TN by Home Value

These days, finding an affordable place to live in the Five Points area can be challenging. Home prices in Five Points are now at a median cost of $171,068, lower than the Tennessee average of $315,131.

The average cost of rent is $712/mo in Five Points, primarily driven by the current value of real estate in the Five Points area. In Five Points, 19.49% of households rent, and 66.54% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Five Points is $4,941 per month. Households that rent pay about 14.41% of their income on rent here. Five Points’s most expensive areas are in the western regions, while the cheapest areas are in the northern 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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