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Affordable
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These days, finding an affordable place to live in the Mount Nebo area can be challenging. Home prices in Mount Nebo are now at a median cost of $194,209, lower than the Tennessee average of $315,131.
The average cost of rent is $630/mo in Mount Nebo, primarily driven by the current value of real estate in the Mount Nebo area. In Mount Nebo, 26.27% of households rent, and 59.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Nebo is $3,936 per month. Households that rent pay about 16.00% of their income on rent here. Mount Nebo’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- St. Joseph, TN: less expensive homes
- Iron City, TN: less expensive homes
- Westpoint, TN: equally priced homes
- Loretto, TN: equally priced homes
- Busby, TN: equally priced homes
- Long Branch, TN: equally priced homes
- Shawnette, TN: less expensive homes
- Zip City, AL: equally priced homes
- Crewstown, TN: equally priced homes
- Lexington, AL: less expensive homes
Cities with Similar Populations
- Shaniko, OR: higher priced homes
- Lehigh, PA: higher priced homes
- Leyden, ND: equally priced homes
- Limestone, MT: higher priced homes
- Lockhart, CA: equally priced homes
- Lodi, OK: less expensive homes
- Logan, MO: higher priced homes
- Logton, AL: less expensive homes
- Lolo Hot Springs, MT: higher priced homes
- Long Lake, SD: less expensive homes
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