
Affordable
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These days, finding an affordable place to live in the Mount Pelia area can be challenging. Home prices in Mount Pelia are now at a median cost of $221,700, lower than the Tennessee average of $315,131.
The average cost of rent is $813/mo in Mount Pelia, primarily driven by the current value of real estate in the Mount Pelia area. In Mount Pelia, 20.77% of households rent, and 41.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Pelia is $5,746 per month. Households that rent pay about 14.16% of their income on rent here. Mount Pelia’s most expensive areas are in the central 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
- Gardner, TN: less expensive homes
- Sidonia, TN: less expensive homes
- Martin, TN: less expensive homes
- Terrell, TN: less expensive homes
- Rives, TN: less expensive homes
- Ralston, TN: equally priced homes
- Sharon, TN: less expensive homes
- Gibbs, TN: less expensive homes
- McConnell, TN: less expensive homes
- Union City, TN: less expensive homes
Cities with Similar Populations
- Guernsey, IA: less expensive homes
- Taylortown, LA: less expensive homes
- Taylors Store, NC: less expensive homes
- Tamarack, MN: higher priced homes
- Tallysville, VA: higher priced homes
- Sunnydell, ID: higher priced homes
- Strawn, IL: less expensive homes
- Stecker, OK: less expensive homes
- Heilman, IN: less expensive homes
- Heathsville, NC: less expensive homes
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