The Most Affordable Neighborhoods in Reliance, TN by Home Value

These days, finding an affordable place to live in the Reliance area can be challenging. Home prices in Reliance are now at a median cost of $143,096, lower than the Tennessee average of $315,131.

The average cost of rent is $812/mo in Reliance, primarily driven by the current value of real estate in the Reliance area. In Reliance, 11.95% of households rent, and 53.60% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Reliance is $7,423 per month. Households that rent pay about 10.95% of their income on rent here. Reliance’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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