Home Price Key
Affordable
Average
Expensive
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 $139,668, lower than the Tennessee average of $218,916.
The average cost of rent is $487/mo in Summertown, primarily driven by the current value of real estate in the Summertown area. While nearly 53.52% of residents own their homes outright in Summertown, 16.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Summertown is $4,235 per month. Households that rent pay about 11.50% of their income on rent here. Summertown's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Rockdale, TN: higher priced homes
- Henryville, TN: equally priced homes
- Three Oaks, TN: higher priced homes
- Ethridge, TN: equally priced 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: higher priced homes
- Flatwoods, TN: less expensive homes
Cities with Similar Populations
- Battle Mountain, NV: higher priced homes
- Irrigon, OR: higher priced homes
- Kansasville, WI: higher priced homes
- Bellevue, IA: higher priced homes
- Ketchum, ID: higher priced homes
- Marion, AL: less expensive homes
- Bayport, MN: higher priced homes
- Bayou Vista, LA: equally priced homes
- Bay Pines, FL: higher priced homes
- Maricao, PR: less expensive homes
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