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These days, finding an affordable place to live in the Morgan Springs area can be challenging. Home prices in Morgan Springs are now at a median cost of $192,839, lower than the Tennessee average of $315,131.
The average cost of rent is $946/mo in Morgan Springs, primarily driven by the current value of real estate in the Morgan Springs area. In Morgan Springs, 19.77% of households rent, and 54.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morgan Springs is $4,322 per month. Households that rent pay about 21.89% of their income on rent here. Morgan Springs’s most expensive areas are in the northern 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
- Cumberland Springs, TN: equally priced homes
- Summer City, TN: less expensive homes
- New Harmony, TN: less expensive homes
- Ogden, TN: less expensive homes
- Dayton, TN: equally priced homes
- Nine Mile, TN: less expensive homes
- Evensville, TN: equally priced homes
- Watts Bar Dam, TN: equally priced homes
- Cold Spring, TN: less expensive homes
- Milo, TN: equally priced homes
Cities with Similar Populations
- Woodington, OH: less expensive homes
- Jeddo, TX: higher priced homes
- Jefferson, IN: higher priced homes
- Jefferson Island, LA: less expensive homes
- Jenson, AR: less expensive homes
- Zemuly, MS: less expensive homes
- Kedron, TN: higher priced homes
- Yaleville, NY: less expensive homes
- Wyldwood, TX: equally priced homes
- Woodville, NY: higher priced homes
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