The Most Affordable Neighborhoods in Mill Creek, TN by Home Value

These days, finding an affordable place to live in the Mill Creek area can be challenging. Home prices in Mill Creek are now at a median cost of $122,051, lower than the Tennessee average of $315,131.

The average cost of rent is $736/mo in Mill Creek, primarily driven by the current value of real estate in the Mill Creek area. In Mill Creek, 15.43% of households rent, and 51.62% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mill Creek is $3,844 per month. Households that rent pay about 19.15% of their income on rent here. Mill Creek’s most expensive areas are in the central regions, while the cheapest areas are in the western 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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