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Affordable
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These days, finding an affordable place to live in the Tatum area can be challenging. Home prices in Tatum are now at a median cost of $369,337, lower than the Virginia average of $443,089.
The average cost of rent is $1,525/mo in Tatum, primarily driven by the current value of real estate in the Tatum area. In Tatum, 16.49% of households rent, and 22.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tatum is $8,148 per month. Households that rent pay about 18.72% of their income on rent here. Tatum’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mine Run, VA: equally priced homes
- Thornhill, VA: higher priced homes
- Gold Dale, VA: equally priced homes
- Parker, VA: equally priced homes
- Unionville, VA: less expensive homes
- Rhoadesville, VA: equally priced homes
- Wares Crossroads, VA: less expensive homes
- Todds Tavern, VA: equally priced homes
- Lahore, VA: less expensive homes
- Ellisville, VA: less expensive homes
Cities with Similar Populations
- Fenwick Hills, SC: higher priced homes
- Cataumet, MA: higher priced homes
- Chancellor, SD: less expensive homes
- Chesterville, OH: less expensive homes
- Chickasaw, OH: less expensive homes
- Clayton, LA: less expensive homes
- Clear Creek Springs, KY: less expensive homes
- Coalmont, TN: less expensive homes
- Columbus City, IA: less expensive homes
- Coolwell, VA: less expensive homes
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