Home Price Key
Affordable
Average
Expensive
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 $201,189, lower than the Tennessee average of $218,916.
The average cost of rent is $1,086/mo in Shop Springs, primarily driven by the current value of real estate in the Shop Springs area. While nearly 54.51% of residents own their homes outright in Shop Springs, 18.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shop Springs is $4,294 per month. Households that rent pay about 25.29% of their income on rent here. Shop Springs's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Watertown, TN: equally priced homes
- Commerce, TN: equally priced homes
- Bellwood, TN: equally priced homes
- Taylorsville, TN: higher priced homes
- Grant, TN: equally priced 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: equally priced homes
Cities with Similar Populations
- Alma, WI: less expensive homes
- Croton, OH: higher priced homes
- Bolivar, WV: higher priced 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: higher priced homes
- Aroda, VA: higher priced homes
- Arenas Valley, NM: less expensive homes
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