Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Tennessee area can be challenging. Home prices in Tennessee are now at a median cost of $120,798, lower than the Arkansas average of $160,541.
The average cost of rent is $738/mo in Tennessee, primarily driven by the current value of real estate in the Tennessee area. While nearly 47.82% of residents own their homes outright in Tennessee, 31.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Tennessee is $4,276 per month. Households that rent pay about 17.25% of their income on rent here. Tennessee's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Monticello, AR: equally priced homes
- Montongo, AR: less expensive homes
- Wilmar, AR: equally priced homes
- Jerome, AR: less expensive homes
- Florence, AR: less expensive homes
- Cominto, AR: less expensive homes
- Selma, AR: less expensive homes
- Warren, AR: less expensive homes
- Orlando, AR: equally priced homes
- Collins, AR: less expensive homes
Cities with Similar Populations
- East Carbon, UT: less expensive homes
- Vernon, MS: less expensive homes
- Gardiner, MT: higher priced homes
- Frankfort, ME: higher priced homes
- Four Lakes, WA: higher priced homes
- Ferguson, KY: equally priced homes
- Fairview, ID: higher priced homes
- Edwardsport, IN: less expensive homes
- Easton, MO: higher priced homes
- Easton, KS: higher priced homes
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