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

 

Morrison Creek, TN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Morrison Creek area can be challenging. Home prices in Morrison Creek are now at a median cost of $145,500, lower than the Tennessee average of $315,131.

The average cost of rent is $779/mo in Morrison Creek, primarily driven by the current value of real estate in the Morrison Creek area. In Morrison Creek, 12.97% of households rent, and 59.40% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Morrison Creek is $3,224 per month. Households that rent pay about 24.16% of their income on rent here. Morrison Creek’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.


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