The Most Affordable Neighborhoods in Pall Mall, TN by Home Value

These days, finding an affordable place to live in the Pall Mall area can be challenging. Home prices in Pall Mall are now at a median cost of $161,156, lower than the Tennessee average of $315,131.

The average cost of rent is $508/mo in Pall Mall, primarily driven by the current value of real estate in the Pall Mall area. In Pall Mall, 10.77% of households rent, and 52.38% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Pall Mall is $4,036 per month. Households that rent pay about 12.59% of their income on rent here. Pall Mall’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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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