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These days, finding an affordable place to live in the Hopewell Springs area can be challenging. Home prices in Hopewell Springs are now at a median cost of $279,407, lower than the Tennessee average of $315,131.
The average cost of rent is $882/mo in Hopewell Springs, primarily driven by the current value of real estate in the Hopewell Springs area. In Hopewell Springs, 28.70% of households rent, and 54.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hopewell Springs is $6,492 per month. Households that rent pay about 13.58% of their income on rent here. Hopewell Springs’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Vonore, TN: higher priced homes
- Madisonville, TN: less expensive homes
- Big Creek, TN: less expensive homes
- Lakeside, TN: higher priced homes
- Hiwassee College, TN: equally priced homes
- Rockville, TN: higher priced homes
- Howard, TN: higher priced homes
- Mount Vernon, TN: less expensive homes
- Rafter, TN: less expensive homes
- Gudger, TN: less expensive homes
Cities with Similar Populations
- Alfred Mills, ME: higher priced homes
- Zumbro Falls, MN: higher priced homes
- Wray, GA: less expensive homes
- Wooster, MI: equally priced homes
- Wink, TX: less expensive homes
- West Stafford, CT: higher priced homes
- West Shokan, NY: higher priced homes
- West Selmont, AL: less expensive homes
- Vanoss, OK: less expensive homes
- Dearborn, MO: equally priced homes
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