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Affordable
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These days, finding an affordable place to live in the Milo area can be challenging. Home prices in Milo are now at a median cost of $183,479, lower than the Tennessee average of $315,131.
The average cost of rent is $852/mo in Milo, primarily driven by the current value of real estate in the Milo area. In Milo, 24.68% of households rent, and 69.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milo is $3,379 per month. Households that rent pay about 25.21% of their income on rent here. Milo’s most expensive areas are in the southwestern 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
- Nine Mile, TN: less expensive homes
- Litton, TN: less expensive homes
- Melvine, TN: equally priced homes
- Lorraine, TN: less expensive homes
- Burke, TN: higher priced homes
- Cold Spring, TN: less expensive homes
- Watts Bar Dam, TN: higher priced homes
- Morgan Springs, TN: equally priced homes
- Pennine, TN: less expensive homes
- Summer City, TN: less expensive homes
Cities with Similar Populations
- Lola, KY: less expensive homes
- Limestoneville, PA: higher priced homes
- Lincolnville, OK: less expensive homes
- Lisbon, TN: less expensive homes
- Litchfield, CA: higher priced homes
- Litchville, ND: higher priced homes
- Lithium, MO: higher priced homes
- Little Cooley, PA: less expensive homes
- Little Sioux, IA: less expensive homes
- Lodi, VA: equally priced homes
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