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

 

New Tazewell, TN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the New Tazewell area can be challenging. Home prices in New Tazewell are now at a median cost of $115,806, lower than the Tennessee average of $218,916.

The average cost of rent is $606/mo in New Tazewell, primarily driven by the current value of real estate in the New Tazewell area. While nearly 50.80% of residents own their homes outright in New Tazewell, 28.52% rent.

Housing affordability isn’t just about home prices, though. The average household income in New Tazewell is $4,029 per month. Households that rent pay about 15.03% of their income on rent here. New Tazewell's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.


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