Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Martin Luther King area can be challenging. Home prices in Martin Luther King are now at a median cost of $348,422, higher than the Chattanooga average of $200,812.
The average cost of rent is $1,050/mo in Martin Luther King, primarily driven by the current value of real estate in the Martin Luther King area. While nearly 35.60% of residents own their homes outright in Martin Luther King, 77.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in Martin Luther King is $4,330 per month. Households that rent pay about 24.26% of their income on rent here. Martin Luther King's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Nearby Neighborhoods
- Downtown Chattanooga, Chattanooga, TN: higher priced homes
- Highland Park, Chattanooga, TN: less expensive homes
- Northside Community, Chattanooga, TN: less expensive homes
- Lookout Valley, Chattanooga, TN: less expensive homes
- Cannon Heights, Dalton, GA: less expensive homes
- Hampton Cove, Owens Cross Roads, AL: higher priced homes
- Downtown Huntsville, Huntsville, AL: higher priced homes
- Oakley, Asheville, NC: less expensive homes
- Woodside Cotton Mill Historic District, Parker, SC: less expensive homes
- West End, Greenville, SC: higher priced homes
Neighborhoods with Similar Populations
- Downtown Huntsville, Huntsville, AL: higher priced homes
- Rain Tree, Charlotte, NC: higher priced homes
- Maple Manor, Elgin, IL: less expensive homes
- Marshall-Shadeland, Pittsburgh, PA: less expensive homes
- Martin Park, Detroit, MI: less expensive homes
- Masonicus, Mahwah, NJ: higher priced homes
- Mayfair Estates, Taylors, SC: less expensive homes
- McLoughlin, Oregon City, OR: equally priced homes
- Mead, Wichita, KS: less expensive homes
- Old Northeast, Bloomington, IN: less expensive homes
All Local Stats
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