Affordable
Expensive
Expensive
Colorblind friendly
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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 $430,152, higher than the Chattanooga average of $290,216.
The average cost of rent is $1,272/mo in Martin Luther King, primarily driven by the current value of real estate in the Martin Luther King area. In Martin Luther King, 75.24% of households rent, and 33.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Martin Luther King is $5,981 per month. Households that rent pay about 21.27% of their income on rent here. Martin Luther King’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Downtown Chattanooga, Chattanooga, TN: higher priced homes
- Highland Park, Chattanooga, TN: less expensive homes
- Northside Community, Chattanooga, TN: equally priced 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: higher priced homes
- Mead, Wichita, KS: less expensive homes
- Old Northeast, Bloomington, IN: less expensive homes
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