Home Price Key
Affordable
Average
Expensive
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 $149,756, lower than the Tennessee average of $218,916.
The average cost of rent is $700/mo in New Prospect, primarily driven by the current value of real estate in the New Prospect area. While nearly 42.81% of residents own their homes outright in New Prospect, 18.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Prospect is $5,155 per month. Households that rent pay about 13.59% of their income on rent here. New Prospect's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Bodenham, TN: higher priced homes
- Lawrenceburg, TN: less expensive homes
- Meadowview, TN: less expensive homes
- Revilo, TN: equally priced homes
- Ethridge, TN: equally priced homes
- Fallriver, TN: equally priced homes
- Leoma, TN: equally priced homes
- Campbellsville, TN: higher priced homes
- Wales, TN: equally priced homes
- Three Oaks, TN: higher priced homes
Cities with Similar Populations
- Apolonia, TX: higher priced homes
- Bandy, VA: less expensive homes
- Ava, NY: equally priced homes
- Attica, KS: less expensive homes
- Bardin, FL: less expensive homes
- Argyle, GA: less expensive homes
- Arcadia, IA: equally priced homes
- Anguilla, MS: less expensive homes
- Andover, IL: less expensive homes
- Altamont, UT: higher priced homes
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