Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wales area can be challenging. Home prices in Wales are now at a median cost of $141,353, lower than the Tennessee average of $218,916.
The average cost of rent is $551/mo in Wales, primarily driven by the current value of real estate in the Wales area. While nearly 59.43% of residents own their homes outright in Wales, 28.85% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wales is $4,463 per month. Households that rent pay about 12.35% of their income on rent here. Wales's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
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