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Affordable
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These days, finding an affordable place to live in the Wear Valley area can be challenging. Home prices in Wear Valley are now at a median cost of $471,500, higher than the Tennessee average of $315,131.
The average cost of rent is $867/mo in Wear Valley, primarily driven by the current value of real estate in the Wear Valley area. In Wear Valley, 26.10% of households rent, and 62.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wear Valley is $4,635 per month. Households that rent pay about 18.70% of their income on rent here. Wear Valley’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.
Nearby Cities
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Cities with Similar Populations
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