The Most Affordable Neighborhoods in Three Point, TN by Home Value

These days, finding an affordable place to live in the Three Point area can be challenging. Home prices in Three Point are now at a median cost of $120,400, lower than the Tennessee average of $315,131.

The average cost of rent is $734/mo in Three Point, primarily driven by the current value of real estate in the Three Point area. In Three Point, 17.00% of households rent, and 58.05% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Three Point is $5,759 per month. Households that rent pay about 12.75% of their income on rent here. Three Point’s most expensive areas are in the central regions, while the cheapest areas are in the central 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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