The Most Affordable Neighborhoods in Iron City, TN by Home Value

These days, finding an affordable place to live in the Iron City area can be challenging. Home prices in Iron City are now at a median cost of $144,545, lower than the Tennessee average of $315,131.

The average cost of rent is $647/mo in Iron City, primarily driven by the current value of real estate in the Iron City area. In Iron City, 8.77% of households rent, and 54.55% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Iron City is $4,456 per month. Households that rent pay about 14.52% of their income on rent here. Iron City’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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