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Affordable
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These days, finding an affordable place to live in the Fredonia area can be challenging. Home prices in Fredonia are now at a median cost of $266,405, lower than the Tennessee average of $315,131.
The average cost of rent is $1,010/mo in Fredonia, primarily driven by the current value of real estate in the Fredonia area. In Fredonia, 27.20% of households rent, and 45.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fredonia is $5,485 per month. Households that rent pay about 18.41% of their income on rent here. Fredonia’s most expensive areas are in the central 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.
Nearby Cities
- Manchester, TN: equally priced homes
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- Shady Grove, TN: less expensive homes
- Ovoca, TN: higher priced homes
Cities with Similar Populations
- Sollitt, IL: equally priced homes
- Enlow, PA: less expensive homes
- Eureka, UT: equally priced homes
- Five Points, NJ: higher priced homes
- Flournoy, KY: less expensive homes
- Fort Lyon, CO: less expensive homes
- Francis, WV: less expensive homes
- Scofield, MI: equally priced homes
- Shirley, IL: less expensive homes
- Slocum, MI: equally priced homes
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