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Affordable
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These days, finding an affordable place to live in the Peakland area can be challenging. Home prices in Peakland are now at a median cost of $199,971, lower than the Tennessee average of $315,131.
The average cost of rent is $934/mo in Peakland, primarily driven by the current value of real estate in the Peakland area. In Peakland, 11.74% of households rent, and 69.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Peakland is $3,963 per month. Households that rent pay about 23.58% of their income on rent here. Peakland’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tranquillity, TN: less expensive homes
- Watts Bar Estates, TN: higher priced homes
- Forest Grove, TN: equally priced homes
- Ten Mile, TN: equally priced homes
- Murray Store, TN: less expensive homes
- Spring City, TN: higher priced homes
- Maple Grove, TN: higher priced homes
- Roddy, TN: higher priced homes
- Pennine, TN: less expensive homes
- Erie, TN: higher priced homes
Cities with Similar Populations
- Hobson, MT: higher priced homes
- Jackson, PA: higher priced homes
- Isabella, OK: less expensive homes
- Idalia, MO: less expensive homes
- Huntington Mills, PA: equally priced homes
- Huntington, GA: less expensive homes
- Hull Prairie, OH: higher priced homes
- Hugheston, WV: less expensive homes
- Huffines, TX: less expensive homes
- Hovey, IN: equally priced homes
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