The Most Affordable Neighborhoods in Okolona, TN by Home Value

These days, finding an affordable place to live in the Okolona area can be challenging. Home prices in Okolona are now at a median cost of $198,949, lower than the Tennessee average of $315,131.

The average cost of rent is $888/mo in Okolona, primarily driven by the current value of real estate in the Okolona area. In Okolona, 24.60% of households rent, and 56.90% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Okolona is $4,272 per month. Households that rent pay about 20.79% of their income on rent here. Okolona’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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