The Most Affordable Neighborhoods in Lily Grove, TN by Home Value

 

Lily Grove, TN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lily Grove area can be challenging. Home prices in Lily Grove are now at a median cost of $151,989, lower than the Tennessee average of $218,916.

The average cost of rent is $614/mo in Lily Grove, primarily driven by the current value of real estate in the Lily Grove area. While nearly 62.88% of residents own their homes outright in Lily Grove, 30.31% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lily Grove is $3,269 per month. Households that rent pay about 18.80% of their income on rent here. Lily Grove's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.


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