Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gates area can be challenging. Home prices in Gates are now at a median cost of $94,665, lower than the Tennessee average of $218,916.
The average cost of rent is $673/mo in Gates, primarily driven by the current value of real estate in the Gates area. While nearly 59.96% of residents own their homes outright in Gates, 36.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gates is $3,501 per month. Households that rent pay about 19.23% of their income on rent here. Gates's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Curve, TN: higher priced homes
- Dry Hill, TN: higher priced homes
- Halls, TN: equally priced homes
- Woodville, TN: higher priced homes
- Flippin, TN: less expensive homes
- Chestnut Bluff, TN: less expensive homes
- Porter Gap, TN: higher priced homes
- Edith, TN: higher priced homes
- Bruceville, TN: equally priced homes
- Ripley, TN: higher priced homes
Cities with Similar Populations
- Zilwaukee, MI: less expensive homes
- Arnolds Park, IA: higher priced homes
- Cherrylog, GA: higher priced homes
- Cerulean, KY: higher priced homes
- Rawson, OH: higher priced homes
- Merrill, OR: higher priced homes
- Raphine, VA: higher priced homes
- Rangeley, ME: higher priced homes
- Port Henry, NY: higher priced homes
- Ponderosa Park, CO: higher priced homes
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