Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Sumac area can be challenging. Home prices in Sumac are now at a median cost of $169,841, lower than the Tennessee average of $218,916.
The average cost of rent is $690/mo in Sumac, primarily driven by the current value of real estate in the Sumac area. While nearly 45.90% of residents own their homes outright in Sumac, 18.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Sumac is $5,334 per month. Households that rent pay about 12.93% of their income on rent here. Sumac's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Brick Church, TN: equally priced homes
- Beech Hill, TN: equally priced homes
- Odd Fellows Hall, TN: equally priced homes
- Riversburg, TN: equally priced homes
- Aymett Town, TN: higher priced homes
- Diana, TN: equally priced homes
- Pulaski, TN: less expensive homes
- Pisgah, TN: higher priced homes
- Delina, TN: higher priced homes
- Wales, TN: less expensive homes
Cities with Similar Populations
- Hammond, KS: less expensive homes
- Sterrettania, PA: equally priced homes
- Stephens, GA: less expensive homes
- Steamburg, MI: equally priced homes
- Standing Pine, MS: less expensive homes
- St. Michael, AK: less expensive homes
- Harris, NY: less expensive homes
- Harmon, IL: higher priced homes
- Harford, PA: higher priced homes
- Hancock, IA: less expensive homes
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