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These days, finding an affordable place to live in the Shady Hill area can be challenging. Home prices in Shady Hill are now at a median cost of $230,836, lower than the Tennessee average of $315,131.
The average cost of rent is $596/mo in Shady Hill, primarily driven by the current value of real estate in the Shady Hill area. In Shady Hill, 17.35% of households rent, and 42.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shady Hill is $5,424 per month. Households that rent pay about 10.99% of their income on rent here. Shady Hill’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
- Warrens Bluff, TN: less expensive homes
- Reagan, TN: less expensive homes
- Middleburg, TN: less expensive homes
- Scotts Hill, TN: less expensive homes
- Palestine, TN: less expensive homes
- Chesterfield, TN: less expensive homes
- Sardis, TN: less expensive homes
- Lexington, TN: less expensive homes
- Garrett, TN: less expensive homes
- Darden, TN: less expensive homes
Cities with Similar Populations
- Twin Lakes, OH: higher priced homes
- Colling, MI: less expensive homes
- Commerce, MO: less expensive homes
- Cooper Heights, GA: higher priced homes
- Cornish Flat, NH: higher priced homes
- Cornishville, KY: equally priced homes
- Cottonwood, OK: less expensive homes
- Coxburg, MS: less expensive homes
- Ulster Heights, NY: higher priced homes
- Tyndall, OH: less expensive homes
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