Housing costs in Farragut?
A typical home costs
$532,400, which is 57.5% more expensive than the national average of
$338,100 and 91.9% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Farragut costs
$1,720 per month, which is 60.7% more than the national average of
$1,070 and 34.9% more than the state average of
$1,120.
Can I afford Farragut?
To live comfortably in Farragut (zip 37934), Tennessee, a minimum annual income of
$101,880 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Farragut?
The cost of living in 37934 Farragut, TN is generally quite affordable. The median home value is approximately $284,100 which is just slightly above the national average, while the median household income is around $84,564, about 17% higher than the national average. Compared to other cities in Tennessee and across the country, this area offers a good balance between affordability and quality of life. Housing expenses are relatively low with rent prices ranging from $1,240 to $3,458 depending on size and location. Property taxes are also lower than most areas in Tennessee; averaging at 0.7%. Overall, residents of 37934 Farragut can be sure they will get great value for their money when living here.