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Affordable
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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 $295,447, lower than the Tennessee average of $315,131.
The average cost of rent is $1,107/mo in New Town, primarily driven by the current value of real estate in the New Town area. In New Town, 22.10% of households rent, and 43.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Town is $6,605 per month. Households that rent pay about 16.75% of their income on rent here. New Town’s most expensive areas are in the central 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.
Nearby Cities
- Cornersville, TN: equally priced homes
- Delina, TN: less expensive homes
- White Acres, TN: higher priced homes
- Yell, TN: less expensive homes
- Lewisburg, TN: less expensive homes
- Diana, TN: equally priced homes
- Odd Fellows Hall, TN: equally priced homes
- Lynnville, TN: equally priced 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: equally priced homes
- Dawn, TX: less expensive homes
- Davis Creek, CA: less expensive 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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