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These days, finding an affordable place to live in the McMinnville area can be challenging. Home prices in McMinnville are now at a median cost of $126,170, lower than the Tennessee average of $218,916.
The average cost of rent is $674/mo in McMinnville, primarily driven by the current value of real estate in the McMinnville area. While nearly 56.11% of residents own their homes outright in McMinnville, 32.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in McMinnville is $3,822 per month. Households that rent pay about 17.63% of their income on rent here. McMinnville's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Bethany, TN: equally priced homes
- Gath, TN: higher priced homes
- Centertown, TN: higher priced homes
- Lucky, TN: equally priced homes
- Mount Zion, TN: equally priced homes
- Hiawassee, TN: equally priced homes
- Shellsford, TN: higher priced homes
- Morrison, TN: higher priced homes
- Rock Island, TN: equally priced homes
- Mount Olive, TN: less expensive homes
Cities with Similar Populations
- Summerlin South, NV: higher priced homes
- Denison, TX: higher priced homes
- Dinuba, CA: higher priced homes
- Elmira, NY: less expensive homes
- Ferry Pass, FL: higher priced homes
- Fitchburg, WI: higher priced homes
- Flemington, NJ: higher priced homes
- Fountain, CO: higher priced homes
- Franconia, VA: higher priced homes
- Franklin, IN: higher priced homes
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