Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hermitage Springs area can be challenging. Home prices in Hermitage Springs are now at a median cost of $115,443, lower than the Tennessee average of $218,916.
The average cost of rent is $720/mo in Hermitage Springs, primarily driven by the current value of real estate in the Hermitage Springs area. While nearly 61.56% of residents own their homes outright in Hermitage Springs, 12.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hermitage Springs is $3,910 per month. Households that rent pay about 18.42% of their income on rent here. Hermitage Springs's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Miles Crossroads, TN: equally priced homes
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- Red Boiling Springs, TN: equally priced homes
- Walnut Shade, TN: equally priced homes
- Union Hill, TN: equally priced homes
- Gamaliel, KY: less expensive homes
- North Springs, TN: equally priced homes
- Pumpkintown, TN: equally priced homes
- Harlan Crossroads, KY: higher priced homes
- Moss, TN: less expensive homes
Cities with Similar Populations
- Roseville, AR: less expensive homes
- Morgan City, MS: less expensive homes
- Morgan, KY: higher priced homes
- Morrowville, KS: less expensive homes
- Mossville, AR: higher priced homes
- Mount Airy, LA: higher priced homes
- Mount Airy, TN: higher priced homes
- Robertsville, AR: equally priced homes
- Robeson Extension, PA: higher priced homes
- Rock Springs, TN: less expensive homes
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