Housing costs in Prospect?
A typical home costs
$202,600, which is 40.1% less expensive than the national average of
$338,100 and 27.0% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Prospect costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 39.0% cheaper than the state average of
$1,070.
Can I afford Prospect?
To live comfortably in Prospect (zip 38477), Tennessee, a minimum annual income of
$38,880 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Prospect?
The cost of living in 38477 Prospect, TN is very affordable compared to other areas of the state. The median home value is only $130,000, which means that it is very affordable for those looking to buy their first home. Additionally, the median rent is around $700 per month, making it a great option for those looking to find more budget-friendly housing options. The cost of utilities and groceries are also quite low compared to other areas in Tennessee, so you can make your money go further here. Overall, this small town offers a great quality of life at an unbeatable price tag.