The Most Affordable Neighborhoods in Palmersville, TN by Home Value

These days, finding an affordable place to live in the Palmersville area can be challenging. Home prices in Palmersville are now at a median cost of $110,178, lower than the Tennessee average of $315,131.

The average cost of rent is $645/mo in Palmersville, primarily driven by the current value of real estate in the Palmersville area. In Palmersville, 22.93% of households rent, and 62.13% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Palmersville is $5,033 per month. Households that rent pay about 12.82% of their income on rent here. Palmersville’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern 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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