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Affordable
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These days, finding an affordable place to live in the Gum Flat area can be challenging. Home prices in Gum Flat are now at a median cost of $260,934, lower than the Tennessee average of $315,131.
The average cost of rent is $766/mo in Gum Flat, primarily driven by the current value of real estate in the Gum Flat area. In Gum Flat, 15.17% of households rent, and 61.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gum Flat is $7,167 per month. Households that rent pay about 10.69% of their income on rent here. Gum Flat’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Windy City, TN: higher priced homes
- Mason Grove, TN: less expensive homes
- Fruitvale, TN: less expensive homes
- Gadsden, TN: less expensive homes
- Bells, TN: less expensive homes
- Johnsons Grove, TN: less expensive homes
- Huntersville, TN: less expensive homes
- Westover, TN: less expensive homes
- Three Way, TN: equally priced homes
- Jackson, TN: less expensive homes
Cities with Similar Populations
- Morningside, SD: less expensive homes
- Preston, WA: higher priced homes
- Poynor, TX: equally priced homes
- Newell, PA: less expensive homes
- Negangards Corner, IN: equally priced homes
- Naylor, AR: less expensive homes
- Napoleon, MO: equally priced homes
- Murdock, NE: higher priced homes
- Mountain Park, GA: higher priced homes
- Mount Meridian, IN: higher priced homes
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