Quick facts: Cumberland gap, TN

Quick Facts

99.5
Cost of Living
below US average
317
Population
34.7
Crime Rate per 1000
above US average
$34,688
Median Income
below US average
$349,000
Median House Price
above US average
$1937.5
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $34,688.

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Income Needed to Buy

βœ— Stretch
$109k/year
Based on $349,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $109k vs median $34,688
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Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1937.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $34,688
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cumberland gap, TN

Cumberland Gap, Tennessee, is a small town located at the intersection of Tennessee, Kentucky, and Virginia, making it a unique gateway to the Appalachian Mountains. With a rich history, the area was a crucial passage for settlers moving west during the 18th and 19th centuries. The town is nestled within the Cumberland Gap National Historical Park, which encompasses stunning natural landscapes, hiking trails, and significant historical sites. The town itself is charming and quiet, with a close-knit community and a few local amenities. Visitors are drawn to the historical significance of the Gap, as well as outdoor activities such as hiking, camping, and wildlife watching in the national park. The park features intriguing geological formations and a variety of ecosystems, making it a haven for nature enthusiasts. With its scenic beauty and historical relevance, Cumberland Gap offers a unique blend of adventure and education for those looking to explore the heart of Appalachia. The rich heritage and stunning landscapes make it a notable stop for tourists and history buffs alike.

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