Expensive
Affordable
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These days, finding an affordable place to live in the Mount Gilead area can be challenging. Home prices in Mount Gilead are now at a median cost of $124,000, lower than the Tennessee average of $315,131.
The average cost of rent is $653/mo in Mount Gilead, primarily driven by the current value of real estate in the Mount Gilead area. In Mount Gilead, 14.25% of households rent, and 56.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Gilead is $2,670 per month. Households that rent pay about 24.46% of their income on rent here. Mount Gilead’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
- Terry, TN: higher priced homes
- Hickory Flat, TN: higher priced homes
- Cedar Grove, TN: higher priced homes
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- Parkers Crossroads, TN: higher priced homes
- Blue Goose, TN: higher priced homes
- Lavinia, TN: higher priced homes
- Spring Creek, TN: higher priced homes
- Wildersville, TN: higher priced homes
- Broadway, TN: higher priced homes
Cities with Similar Populations
- Laurelwood, OR: higher priced homes
- St. Marks, KS: higher priced homes
- St. Lewis, NC: equally priced homes
- St. Leo, MN: higher priced homes
- St. Lawrence, TX: higher priced homes
- Linden, NY: higher priced homes
- Lewis Store, TN: higher priced homes
- Lenox, AL: higher priced homes
- Leitchfield Crossing, KY: higher priced homes
- Lehman, PA: higher priced homes
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