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Affordable
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These days, finding an affordable place to live in the Lafollette area can be challenging. Home prices in Lafollette are now at a median cost of $173,551, lower than the Tennessee average of $315,131.
The average cost of rent is $782/mo in Lafollette, primarily driven by the current value of real estate in the Lafollette area. In Lafollette, 37.56% of households rent, and 48.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lafollette is $4,034 per month. Households that rent pay about 19.38% of their income on rent here. Lafollette’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- DeMory, TN: higher priced homes
- Ivydell, TN: less expensive homes
- Victory, TN: higher priced homes
- Pine Crest, TN: higher priced homes
- Jacksboro, TN: higher priced homes
- Cotula, TN: less expensive homes
- Grantsboro, TN: higher priced homes
- Stinking Creek, TN: less expensive homes
- Caryville, TN: higher priced homes
- Elk Valley, TN: less expensive homes
Cities with Similar Populations
- Minden, LA: less expensive homes
- North Arlington, NJ: higher priced homes
- Norridge, IL: higher priced homes
- Newtown, CT: higher priced homes
- Newberry, FL: higher priced homes
- New Ulm, MN: higher priced homes
- New Territory, TX: higher priced homes
- New Paltz, NY: higher priced homes
- New Kensington, PA: less expensive homes
- New Carlisle, OH: higher priced homes
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