The Most Affordable Neighborhoods in Olivehill, TN by Home Value

These days, finding an affordable place to live in the Olivehill area can be challenging. Home prices in Olivehill are now at a median cost of $113,690, lower than the Tennessee average of $315,131.

The average cost of rent is $938/mo in Olivehill, primarily driven by the current value of real estate in the Olivehill area. In Olivehill, 14.39% of households rent, and 67.68% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Olivehill is $4,676 per month. Households that rent pay about 20.06% of their income on rent here. Olivehill’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern 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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