Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Pennington Chapel area can be challenging. Home prices in Pennington Chapel are now at a median cost of $128,925, lower than the Tennessee average of $218,916.
The average cost of rent is $772/mo in Pennington Chapel, primarily driven by the current value of real estate in the Pennington Chapel area. While nearly 69.51% of residents own their homes outright in Pennington Chapel, 10.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Pennington Chapel is $3,439 per month. Households that rent pay about 22.44% of their income on rent here. Pennington Chapel's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Washburn, TN: less expensive homes
- Rose Hill, TN: higher priced homes
- Powder Springs, TN: equally priced homes
- Elm Springs, TN: equally priced homes
- Sandlick, TN: equally priced homes
- Williams Springs, TN: equally priced homes
- Sharps Chapel, TN: higher priced homes
- Puncheon Camp, TN: less expensive homes
- New Tazewell, TN: less expensive homes
- Chittum, TN: equally priced homes
Cities with Similar Populations
- Grand Gorge, NY: higher priced homes
- Fairview, WY: higher priced homes
- Fassett, PA: higher priced homes
- Favonia, VA: higher priced homes
- Fawnskin, CA: higher priced homes
- Fearrington, NC: higher priced homes
- Fenton, IL: higher priced homes
- Fillmore, MO: higher priced homes
- Freedman, SC: higher priced homes
- Friedheim, MO: higher priced homes
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