Similar to its surrounding areas, it is substantially less expensive compared to the country as a whole. Compared to the city of Knoxville however, it is a little less expensive.
Home prices
Sweetwater's median home value is $120,800. Compared to the surrounding areas this is is very similar.It is about $96,700 (44%) lower compared to the country as a whole, and it is approximately $15,500 (11%) lower compared to the city of Knoxville.
Rents
The median rent in Sweetwater is $661 per month. In comparison to its nearby areas it is about $31 (4%) lower.Compared to the entire country it is roughly $401 (37%) lower, and is approximately $184 (21%) lower compared to the city of Knoxville.
Nearby places
Philadelphia
Philadelphia is approximately 6 miles northeast of Sweetwater. Real estate prices there are pretty similar. The value of the median home in Philadelphia is $117,900, which is $2,900 (2%) lower than Sweetwater. The rent there is a little more expensive. Philadelphia's median monthly rent is $737, which is $76 (10%) higher than Sweetwater.
Niota
Niota is approximately 7 miles southwest of Sweetwater. Its housing prices are substantially less expensive. The median home in Niota costs $84,200, which comes out to $36,600 (43%) lower than Sweetwater. Rents there are similar. In Niota the median monthly rent is $650, which comes out to $11 (1%) lower than Sweetwater.
Madisonville
Madisonville is roughly 7 miles southeast from Sweetwater. Housing prices there are somewhat more expensive. The price of the median home in Madisonville is $136,000, which comes out to $15,200 (11%) higher than Sweetwater. Rents there are a little less expensive. The median monthly rent in Madisonville is $618, which works out to $43 (6%) lower than Sweetwater.
Loudon
Loudon is roughly 11 miles northeast of Sweetwater. Its housing prices are pretty similar. Loudon's median home cost is $123,300, which comes out to $2,500 (2%) higher than Sweetwater. The rent there is somewhat more expensive. The median monthly rent in Loudon is $743, which is $82 (11%) higher than Sweetwater.
Vonore
Vonore is approximately 11 miles east from Sweetwater. Housing prices there are a bit more expensive. The price of the median home in Vonore is $148,300, which is $27,500 (18%) higher than Sweetwater. The rent there is a little more expensive. In Vonore the median monthly rent is $713, which comes out to $52 (7%) higher than Sweetwater.
