Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Town area can be challenging. Home prices in New Town are now at a median cost of $183,414, lower than the Tennessee average of $218,916.
The average cost of rent is $743/mo in New Town, primarily driven by the current value of real estate in the New Town area. While nearly 58.73% of residents own their homes outright in New Town, 28.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Town is $5,290 per month. Households that rent pay about 14.04% of their income on rent here. New Town's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Cornersville, TN: less expensive homes
- Delina, TN: equally priced homes
- White Acres, TN: equally priced homes
- Yell, TN: higher priced homes
- Lewisburg, TN: less expensive homes
- Diana, TN: equally priced homes
- Odd Fellows Hall, TN: less expensive homes
- Lynnville, TN: less expensive homes
- Belfast, TN: less expensive homes
- Waco, TN: equally priced homes
Cities with Similar Populations
- Daniel, GA: less expensive homes
- Defiance, PA: less expensive homes
- Deer Mill, IN: less expensive homes
- Deadwood, OR: higher priced homes
- Dawn, TX: less expensive homes
- Davis Creek, CA: equally priced homes
- Davis Chapel, TN: less expensive homes
- Danville, WI: higher priced homes
- Danvers, MN: less expensive homes
- Defries, KY: less expensive homes
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