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These days, finding an affordable place to live in the Shop Springs area can be challenging. Home prices in Shop Springs are now at a median cost of $329,717, higher than the Tennessee average of $315,131.
The average cost of rent is $1,224/mo in Shop Springs, primarily driven by the current value of real estate in the Shop Springs area. In Shop Springs, 9.80% of households rent, and 65.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shop Springs is $7,299 per month. Households that rent pay about 16.78% of their income on rent here. Shop Springs’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Watertown, TN: higher priced homes
- Commerce, TN: equally priced homes
- Bellwood, TN: equally priced homes
- Taylorsville, TN: equally priced homes
- Grant, TN: less expensive homes
- Gladeville, TN: higher priced homes
- Lebanon, TN: higher priced homes
- Rock City, TN: less expensive homes
- Brush Creek, TN: less expensive homes
- Alexandria, TN: less expensive homes
Cities with Similar Populations
- Alma, WI: less expensive homes
- Croton, OH: higher priced homes
- Bolivar, WV: less expensive homes
- Blanchard, PA: less expensive homes
- Big River, CA: less expensive homes
- Big Piney, WY: higher priced homes
- Bentley, MI: less expensive homes
- Baker Ridge, WV: less expensive homes
- Aroda, VA: higher priced homes
- Arenas Valley, NM: less expensive homes
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