The Most Affordable Neighborhoods in Park Settlement, TN by Home Value

 

Park Settlement, TN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Park Settlement area can be challenging. Home prices in Park Settlement are now at a median cost of $265,528, higher than the Tennessee average of $218,916.

The average cost of rent is $1,084/mo in Park Settlement, primarily driven by the current value of real estate in the Park Settlement area. While nearly 56.21% of residents own their homes outright in Park Settlement, 29.68% rent.

Housing affordability isn’t just about home prices, though. The average household income in Park Settlement is $4,712 per month. Households that rent pay about 23.00% of their income on rent here. Park Settlement's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.


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