Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gum Spring area can be challenging. Home prices in Gum Spring are now at a median cost of $56,632, lower than the Tennessee average of $218,916.
The average cost of rent is $851/mo in Gum Spring, primarily driven by the current value of real estate in the Gum Spring area. While nearly 69.15% of residents own their homes outright in Gum Spring, 33.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gum Spring is $2,893 per month. Households that rent pay about 29.43% of their income on rent here. Gum Spring's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Rankin, TN: higher priced homes
- Newport, TN: higher priced homes
- Clevenger, TN: equally priced homes
- Baneberry, TN: higher priced homes
- Swannsylvania, TN: higher priced homes
- Fowler Grove, TN: higher priced homes
- Carson Spring, TN: higher priced homes
- Bybee, TN: higher priced homes
- White Pine, TN: higher priced homes
- Parrottsville, TN: higher priced homes
Cities with Similar Populations
- French Woods, NY: higher priced homes
- Gardenville, FL: higher priced homes
- Garden City, IN: higher priced homes
- Ganntown, IL: higher priced homes
- Gann Valley, SD: higher priced homes
- Ganes Creek, AK: equally priced homes
- Galena, IN: higher priced homes
- Whitefish Point, MI: higher priced homes
- Frye, ME: higher priced homes
- Fruto, CA: higher priced homes
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