The Most Affordable Neighborhoods in Madison Hall, TN by Home Value

These days, finding an affordable place to live in the Madison Hall area can be challenging. Home prices in Madison Hall are now at a median cost of $147,592, lower than the Tennessee average of $315,131.

The average cost of rent is $1,028/mo in Madison Hall, primarily driven by the current value of real estate in the Madison Hall area. In Madison Hall, 13.84% of households rent, and 63.16% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Madison Hall is $5,373 per month. Households that rent pay about 19.13% of their income on rent here. Madison Hall’s most expensive areas are in the southern regions, while the cheapest areas are in the central 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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