The Most Affordable Neighborhoods in Gnat Hill, TN by Home Value

These days, finding an affordable place to live in the Gnat Hill area can be challenging. Home prices in Gnat Hill are now at a median cost of $235,986, lower than the Tennessee average of $315,131.

The average cost of rent is $1,185/mo in Gnat Hill, primarily driven by the current value of real estate in the Gnat Hill area. In Gnat Hill, 10.67% of households rent, and 50.90% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gnat Hill is $5,976 per month. Households that rent pay about 19.82% of their income on rent here. Gnat Hill’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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