Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rankin area can be challenging. Home prices in Rankin are now at a median cost of $94,289, lower than the Tennessee average of $218,916.
The average cost of rent is $779/mo in Rankin, primarily driven by the current value of real estate in the Rankin area. While nearly 57.83% of residents own their homes outright in Rankin, 45.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rankin is $2,840 per month. Households that rent pay about 27.44% of their income on rent here. Rankin's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Gum Spring, TN: less expensive homes
- Baneberry, TN: higher priced homes
- Newport, TN: higher priced homes
- Clevenger, TN: less expensive homes
- Bybee, TN: higher priced homes
- Fowler Grove, TN: higher priced homes
- Swannsylvania, TN: higher priced homes
- White Pine, TN: higher priced homes
- Parrottsville, TN: higher priced homes
- Point Pleasant, TN: higher priced homes
Cities with Similar Populations
- Blue Sulphur Springs, WV: higher priced homes
- Wilmore, WV: less expensive homes
- Willis Wharf, VA: higher priced homes
- Williamson, AR: higher priced homes
- Willeys, IL: higher priced homes
- Willamar, TX: less expensive homes
- Broughtentown, KY: higher priced homes
- Brandonville, WV: higher priced homes
- Braggadocio, MO: equally priced homes
- Windham, VT: higher priced homes
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