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These days, finding an affordable place to live in the Wellwood area can be challenging. Home prices in Wellwood are now at a median cost of $166,527, lower than the Tennessee average of $315,131.
The average cost of rent is $681/mo in Wellwood, primarily driven by the current value of real estate in the Wellwood area. In Wellwood, 25.18% of households rent, and 54.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wellwood is $4,936 per month. Households that rent pay about 13.80% of their income on rent here. Wellwood’s most expensive areas are in the eastern 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.
Nearby Cities
- Woodland, TN: higher priced homes
- Leighton, TN: less expensive homes
- Johnsons Grove, TN: higher priced homes
- Bells, TN: higher priced homes
- Huntersville, TN: higher priced homes
- Belle Eagle, TN: equally priced homes
- Denmark, TN: less expensive homes
- Brownsville, TN: equally priced homes
- Gum Flat, TN: higher priced homes
- Fruitvale, TN: higher priced homes
Cities with Similar Populations
- South Essex, MA: higher priced homes
- Kings Crossroads, NC: less expensive homes
- Kirley, SD: less expensive homes
- Knoxville, MS: less expensive homes
- Koenton, AL: less expensive homes
- Kyle, NC: higher priced homes
- La Forge, MO: less expensive homes
- La Hogue, IL: less expensive homes
- La Palma, AZ: equally priced homes
- Labarre, LA: equally priced homes
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