Similar to its surrounding areas, it is substantially less expensive compared to the United States as a whole. Compared to the city of Peoria, it is significantly less expensive.
Home prices
Tennessee's median home cost is $70,800. This is roughly $2,660 (3%) lower in comparison to nearby areas.In comparison to the nation as a whole it is roughly $146,700 (67%) lower, and in comparison to the city of Peoria is roughly $54,900 (43%) lower.
Rents
Tennessee's median rent is $608 a month. In comparison to the surrounding areas this is approximately $132 (17%) lower.In comparison to the rest of the country it is about $454 (42%) lower, and it is about $198 (24%) lower in comparison to the city of Peoria.
Nearby places
Colchester
Colchester is roughly 2 miles northeast of Tennessee. Real estate prices there are a little less expensive. The median home in Colchester costs $67,200, which works out to $3,600 (5%) lower than Tennessee. The rent there is somewhat more expensive. In Colchester the median monthly rent is $663, which comes out to $55 (8%) higher than Tennessee.
Georgetown
Georgetown is roughly 6 miles northeast from Tennessee. Housing prices there are somewhat more expensive. Georgetown's median home price is $91,600, which works out to $20,800 (22%) higher than Tennessee. Rent there is substantially more expensive. Georgetown's median rent is $1,142 a month, which works out to $534 (46%) higher than Tennessee.
Macomb
Macomb is approximately 8 miles northeast of Tennessee. The real estate prices there are somewhat more expensive. The median home in Macomb costs $101,400, which comes out to $30,600 (30%) higher than Tennessee. Its rents are somewhat more expensive. In Macomb the median monthly rent is $688, which comes out to $80 (11%) higher than Tennessee.
Plymouth
Plymouth is roughly 8 miles southwest of Tennessee. The real estate prices there are a lot less expensive. The median home in Plymouth costs $38,800, which is $32,000 (82%) lower than Tennessee. Rent there is pretty similar. Plymouth's median rent is $636 a month, which works out to $28 (4%) higher than Tennessee.
Blandinsville
Blandinsville is approximately 9 miles north of Tennessee. The housing prices there are fairly similar. Blandinsville's median home cost is $68,300, which comes out to $2,500 (3%) lower than Tennessee. Rents there are a little less expensive. In Blandinsville the median rent is $569 a month, which works out to $39 (6%) lower than Tennessee.
