Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rafter area can be challenging. Home prices in Rafter are now at a median cost of $194,764, lower than the Tennessee average of $218,916.
The average cost of rent is $698/mo in Rafter, primarily driven by the current value of real estate in the Rafter area. While nearly 62.93% of residents own their homes outright in Rafter, 21.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rafter is $3,856 per month. Households that rent pay about 18.11% of their income on rent here. Rafter's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Big Creek, TN: less expensive homes
- Tellico Plains, TN: less expensive homes
- Hopewell Springs, TN: equally priced homes
- Howard, TN: less expensive homes
- Jalapa, TN: less expensive homes
- Vonore, TN: higher priced homes
- Madisonville, TN: less expensive homes
- Rural Vale, TN: less expensive homes
- Mount Vernon, TN: less expensive homes
- Hiwassee College, TN: less expensive homes
Cities with Similar Populations
- New Columbus, KY: equally priced homes
- Randolph, TX: equally priced homes
- Randolph, KS: equally priced homes
- Radnor, WV: less expensive homes
- Radisson, WI: less expensive homes
- Quandahl, IA: higher priced homes
- Pyland, MS: less expensive homes
- Pumpkin Center, CA: higher priced homes
- Protivin, IA: less expensive homes
- Prague, NE: less expensive homes
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