The Most Affordable Neighborhoods in New Prospect, TN by Home Value

These days, finding an affordable place to live in the New Prospect area can be challenging. Home prices in New Prospect are now at a median cost of $226,008, lower than the Tennessee average of $315,131.

The average cost of rent is $921/mo in New Prospect, primarily driven by the current value of real estate in the New Prospect area. In New Prospect, 10.90% of households rent, and 41.46% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New Prospect is $6,251 per month. Households that rent pay about 14.73% of their income on rent here. New Prospect’s most expensive areas are in the northwestern 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.

No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.

Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood