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Affordable
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These days, finding an affordable place to live in the Summer City area can be challenging. Home prices in Summer City are now at a median cost of $122,994, lower than the Tennessee average of $315,131.
The average cost of rent is $834/mo in Summer City, primarily driven by the current value of real estate in the Summer City area. In Summer City, 5.74% of households rent, and 68.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summer City is $5,203 per month. Households that rent pay about 16.03% of their income on rent here. Summer City’s most expensive areas are in the western 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
- Morgan Springs, TN: higher priced homes
- New Harmony, TN: higher priced homes
- Ogden, TN: higher priced homes
- Pikeville, TN: higher priced homes
- Cold Spring, TN: higher priced homes
- Nine Mile, TN: higher priced homes
- Emery Mill, TN: higher priced homes
- Cumberland Springs, TN: higher priced homes
- Mount Crest, TN: higher priced homes
- Lees Station, TN: higher priced homes
Cities with Similar Populations
- St. Martin, MN: higher priced homes
- Summerfield, MO: higher priced homes
- Sullivan, MI: higher priced homes
- Stratford, NH: higher priced homes
- Stoutsville, MO: higher priced homes
- Stillwater, OH: higher priced homes
- Stickney, PA: higher priced homes
- Steen, MN: higher priced homes
- Steeles Tavern, VA: higher priced homes
- Startup, WA: higher priced homes
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