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Affordable
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These days, finding an affordable place to live in the Medina area can be challenging. Home prices in Medina are now at a median cost of $273,734, lower than the Tennessee average of $315,131.
The average cost of rent is $1,361/mo in Medina, primarily driven by the current value of real estate in the Medina area. In Medina, 16.37% of households rent, and 22.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Medina is $8,654 per month. Households that rent pay about 15.73% of their income on rent here. Medina’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West, TN: equally priced homes
- Sitka, TN: equally priced homes
- Gibson, TN: less expensive homes
- Three Way, TN: equally priced homes
- Humboldt, TN: less expensive homes
- Oakfield, TN: less expensive homes
- Milan, TN: less expensive homes
- Spring Creek, TN: less expensive homes
- Windy City, TN: higher priced homes
- Lavinia, TN: less expensive homes
Cities with Similar Populations
- Old Lyme, CT: higher priced homes
- Peoria Heights, IL: less expensive homes
- Penns Grove, NJ: equally priced homes
- Pembroke Park, FL: less expensive homes
- Pemberton, NJ: equally priced homes
- Pelion, SC: less expensive homes
- Orefield, PA: higher priced homes
- Oradell, NJ: higher priced homes
- Omak, WA: equally priced homes
- Old Town, ME: less expensive homes
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