Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gorman area can be challenging. Home prices in Gorman are now at a median cost of $176,818, lower than the Tennessee average of $218,916.
The average cost of rent is $668/mo in Gorman, primarily driven by the current value of real estate in the Gorman area. While nearly 38.49% of residents own their homes outright in Gorman, 12.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gorman is $4,652 per month. Households that rent pay about 14.35% of their income on rent here. Gorman's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- McEwen, TN: less expensive homes
- Silvertop, TN: higher priced homes
- Waverly, TN: less expensive homes
- Forest Hill, TN: less expensive homes
- Tennessee City, TN: equally priced homes
- Pollard, TN: less expensive homes
- Denver, TN: less expensive homes
- Woolworth, TN: less expensive homes
- Magnolia, TN: equally priced homes
- Plant, TN: less expensive homes
Cities with Similar Populations
- Olympia Springs, KY: less expensive homes
- Pickensville, AL: less expensive homes
- Pawlet, VT: higher priced homes
- Oxford, NE: less expensive homes
- Oxford, AR: less expensive homes
- Owendale, MI: less expensive homes
- Orleans, IA: higher priced homes
- Organ, NM: less expensive homes
- Onida, SD: less expensive homes
- Pleasant Grove, CA: higher priced homes
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