Fall Branch renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Fall Branch is about $711 per month. This puts it in the 42nd percentile compared to the state average cost of rent, which is $1,035. Households in Fall Branch have a median income of $4,831 per month so the average renter in Fall Branch is spending roughly 15% of their earnings on housing.
Nationally, and in Fall Branch, home values are the data point most closely correlated with the cost of rent. The median price of a home in Fall Branch is $199,802 right now, which is higher than nearby cities, meaning that rents in Fall Branch also tend to be higher versus these nearby cities.
Higher rent prices are common in the southern parts of Fall Branch while lower rent rates are often available in northwestern areas.
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