Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Terrell area can be challenging. Home prices in Terrell are now at a median cost of $132,228, lower than the Tennessee average of $218,916.
The average cost of rent is $832/mo in Terrell, primarily driven by the current value of real estate in the Terrell area. While nearly 46.64% of residents own their homes outright in Terrell, 22.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Terrell is $3,849 per month. Households that rent pay about 21.63% of their income on rent here. Terrell's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Gardner, TN: higher priced homes
- Gibbs, TN: less expensive homes
- McConnell, TN: higher priced homes
- Mount Pelia, TN: higher priced homes
- Harris, TN: less expensive homes
- Martin, TN: equally priced homes
- South Fulton, TN: less expensive homes
- Union City, TN: equally priced homes
- Rives, TN: less expensive homes
- Ralston, TN: higher priced homes
Cities with Similar Populations
- Fowler, AR: less expensive homes
- Sun City, KS: less expensive homes
- Summit City, CA: higher priced homes
- Stuyvesant Falls, NY: higher priced homes
- Stuart Place, TX: less expensive homes
- Guthrie, AZ: higher priced homes
- Gulf Port, IL: less expensive homes
- Gorgas, AL: higher priced homes
- Good Hope, FL: higher priced homes
- Goldsberry, MO: less expensive homes
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