The Most Affordable Neighborhoods in Hohenwald, TN by Home Value

These days, finding an affordable place to live in the Hohenwald area can be challenging. Home prices in Hohenwald are now at a median cost of $181,164, lower than the Tennessee average of $315,131.

The average cost of rent is $735/mo in Hohenwald, primarily driven by the current value of real estate in the Hohenwald area. In Hohenwald, 17.60% of households rent, and 46.40% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hohenwald is $4,945 per month. Households that rent pay about 14.86% of their income on rent here. Hohenwald’s most expensive areas are in the northeastern 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.

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