Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Mill Spring area can be challenging. Home prices in Mill Spring are now at a median cost of $162,900, lower than the Tennessee average of $315,131.
The average cost of rent is $879/mo in Mill Spring, primarily driven by the current value of real estate in the Mill Spring area. In Mill Spring, 26.22% of households rent, and 63.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mill Spring is $4,985 per month. Households that rent pay about 17.63% of their income on rent here. Mill Spring’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Friends Station, TN: equally priced homes
- Perrin Hollow, TN: higher priced homes
- Jefferson City, TN: higher priced homes
- New Market, TN: higher priced homes
- Richland, TN: higher priced homes
- Rutledge, TN: higher priced homes
- Talbott, TN: higher priced homes
- Blaine, TN: higher priced homes
- Wa-Ni Village, TN: higher priced homes
- Powder Springs, TN: equally priced homes
Cities with Similar Populations
- Red Rock, MN: higher priced homes
- Renfrow, OK: less expensive homes
- Renfroe, GA: less expensive homes
- Remmel, AR: less expensive homes
- Reighmoor, WI: higher priced homes
- Reed, AR: less expensive homes
- Ree Heights, SD: less expensive homes
- Redlawn, VA: equally priced homes
- Redland, LA: less expensive homes
- Reno, IN: higher priced homes
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