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These days, finding an affordable place to live in the Summertown area can be challenging. Home prices in Summertown are now at a median cost of $239,208, lower than the Tennessee average of $315,131.
The average cost of rent is $816/mo in Summertown, primarily driven by the current value of real estate in the Summertown area. In Summertown, 16.48% of households rent, and 46.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summertown is $6,181 per month. Households that rent pay about 13.20% of their income on rent here. Summertown’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rockdale, TN: higher priced homes
- Henryville, TN: less expensive homes
- Three Oaks, TN: higher priced homes
- Ethridge, TN: less expensive homes
- Sandy Hook, TN: higher priced homes
- Napier, TN: less expensive homes
- Mount Joy, TN: equally priced homes
- Screamer, TN: higher priced homes
- Mount Pleasant, TN: equally priced homes
- Flatwoods, TN: less expensive homes
Cities with Similar Populations
- Battle Mountain, NV: less expensive homes
- Irrigon, OR: equally priced homes
- Kansasville, WI: higher priced homes
- Bellevue, IA: equally priced homes
- Ketchum, ID: higher priced homes
- Marion, AL: less expensive homes
- Bayport, MN: higher priced homes
- Bayou Vista, LA: less expensive homes
- Bay Pines, FL: higher priced homes
- Maricao, PR: less expensive homes
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