The Most Affordable Neighborhoods in Gap Creek, TN by Home Value

These days, finding an affordable place to live in the Gap Creek area can be challenging. Home prices in Gap Creek are now at a median cost of $161,656, lower than the Tennessee average of $315,131.

The average cost of rent is $759/mo in Gap Creek, primarily driven by the current value of real estate in the Gap Creek area. In Gap Creek, 21.78% of households rent, and 60.02% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gap Creek is $4,694 per month. Households that rent pay about 16.17% of their income on rent here. Gap Creek’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.

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