The Most Affordable Neighborhoods in Neva, TN by Home Value

These days, finding an affordable place to live in the Neva area can be challenging. Home prices in Neva are now at a median cost of $201,557, lower than the Tennessee average of $315,131.

The average cost of rent is $942/mo in Neva, primarily driven by the current value of real estate in the Neva area. In Neva, 16.65% of households rent, and 72.71% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Neva is $4,265 per month. Households that rent pay about 22.08% of their income on rent here. Neva’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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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