The Most Affordable Neighborhoods in Mengelwood, TN by Home Value

These days, finding an affordable place to live in the Mengelwood area can be challenging. Home prices in Mengelwood are now at a median cost of $172,400, lower than the Tennessee average of $315,131.

The average cost of rent is $786/mo in Mengelwood, primarily driven by the current value of real estate in the Mengelwood area. In Mengelwood, 33.02% of households rent, and 52.09% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mengelwood is $6,501 per month. Households that rent pay about 12.09% of their income on rent here. Mengelwood’s most expensive areas are in the eastern regions, while the cheapest areas are in the eastern 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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