Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lorraine area can be challenging. Home prices in Lorraine are now at a median cost of $111,600, lower than the Tennessee average of $218,916.
The average cost of rent is $485/mo in Lorraine, primarily driven by the current value of real estate in the Lorraine area. While nearly 47.78% of residents own their homes outright in Lorraine, 28.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lorraine is $3,162 per month. Households that rent pay about 15.34% of their income on rent here. Lorraine's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Spring City, TN: higher priced homes
- Pennine, TN: equally priced homes
- Grandview, TN: equally priced homes
- Watts Bar Dam, TN: higher priced homes
- Milo, TN: equally priced homes
- Watts Bar Estates, TN: higher priced homes
- Evensville, TN: higher priced homes
- Litton, TN: higher priced homes
- Forest Grove, TN: equally priced homes
- Roddy, TN: higher priced homes
Cities with Similar Populations
- Skuna, MS: less expensive homes
- Lolo Hot Springs, MT: higher priced homes
- Milam, WV: higher priced homes
- Shin Pond, ME: higher priced homes
- Sidney, OR: higher priced homes
- Simmler, CA: higher priced homes
- Simpsonville, NY: higher priced homes
- Skeeterville, TX: higher priced homes
- Skellyville, KS: less expensive homes
- Skinner Crossroad, TN: less expensive homes
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