Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Germantown area can be challenging. Home prices in Germantown are now at a median cost of $394,725, higher than the Tennessee average of $218,916.
The average cost of rent is $1,598/mo in Germantown, primarily driven by the current value of real estate in the Germantown area. While nearly 33.41% of residents own their homes outright in Germantown, 12.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Germantown is $12,593 per month. Households that rent pay about 12.69% of their income on rent here. Germantown's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Cordova, TN: less expensive homes
- Collierville, TN: equally priced homes
- Memphis, TN: less expensive homes
- Olive Branch, MS: less expensive homes
- Piperton, TN: equally priced homes
- Eads, TN: equally priced homes
- Rossville, TN: less expensive homes
- Southaven, MS: less expensive homes
- Taska, MS: less expensive homes
- Mount Pleasant, MS: less expensive homes
Cities with Similar Populations
- Shenandoah, LA: less expensive homes
- Kailua, HI: higher priced homes
- Kent, OH: less expensive homes
- Lancaster, TX: less expensive homes
- Laurel, MD: less expensive homes
- Leominster, MA: less expensive homes
- Lumberton, NC: less expensive homes
- Marion, IA: less expensive homes
- Merritt Island, FL: less expensive homes
- Moses Lake, WA: less expensive homes
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