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Affordable
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These days, finding an affordable place to live in the Lone Oak area can be challenging. Home prices in Lone Oak are now at a median cost of $328,137, higher than the Tennessee average of $315,131.
The average cost of rent is $693/mo in Lone Oak, primarily driven by the current value of real estate in the Lone Oak area. In Lone Oak, 12.43% of households rent, and 53.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lone Oak is $5,381 per month. Households that rent pay about 12.87% of their income on rent here. Lone Oak’s most expensive areas are in the northern 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
- Timberlinks, TN: higher priced homes
- Shirleyton, TN: less expensive homes
- Fairmount, TN: higher priced homes
- Signal Mountain, TN: higher priced homes
- Powells Crossroads, TN: less expensive homes
- Walden, TN: higher priced homes
- Center Point, TN: higher priced homes
- Whitwell, TN: less expensive homes
- Sulphur Springs, TN: less expensive homes
- Falling Water, TN: higher priced homes
Cities with Similar Populations
- Genoa, CO: less expensive homes
- Goodlow, TX: less expensive homes
- Golva, ND: less expensive homes
- Goff, KS: less expensive homes
- Gluek, MN: less expensive homes
- Glenwood, NM: less expensive homes
- Glenville, NY: equally priced homes
- Glendale, TX: less expensive homes
- Glen Jean, WV: less expensive homes
- Glen Echo, MD: higher priced homes
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