The Most Affordable Neighborhoods in Thompsons Store, TN by Home Value

 

Thompsons Store, TN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Thompsons Store area can be challenging. Home prices in Thompsons Store are now at a median cost of $204,500, lower than the Tennessee average of $315,131.

The average cost of rent is $547/mo in Thompsons Store, primarily driven by the current value of real estate in the Thompsons Store area. In Thompsons Store, 14.95% of households rent, and 77.38% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Thompsons Store is $4,092 per month. Households that rent pay about 13.37% of their income on rent here. Thompsons Store’s most expensive areas are in the northern regions, while the cheapest areas are in the northern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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