Quick facts: Englewood, TN

Quick Facts

99.5
Cost of Living
below US average
1,521
Population
13.81
Crime Rate per 1000
below US average
$45,946
Median Income
below US average
$269,400
Median House Price
above US average
$1072.5
Average Rent
below US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above 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 $45,946.

🏠

Income Needed to Buy

βœ— Stretch
$85k/year
Based on $269,400 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $85k vs median $45,946
🏒

Income Needed to Rent

⚠ Stretch
$46k/year
Based on $1072.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $46k vs median $45,946
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Englewood, TN

Englewood, Tennessee, is a quaint small town located in McMinn County in the eastern part of the state. As of the last census, the population is around 1,500 residents, giving it a tight-knit community vibe. Situated approximately 60 miles northeast of Chattanooga, Englewood offers a peaceful rural lifestyle with surrounding scenic views, including the Southern Appalachian Mountains. The town is characterized by its friendly atmosphere and rich history, with several local businesses and parks providing recreational opportunities. The nearby Hiwassee River is popular for fishing, kayaking, and other outdoor activities, drawing nature enthusiasts year-round. Englewood also hosts the annual Englewood Heritage Festival, celebrating local culture and community spirit. For those seeking a slower pace and a charming hometown experience, Englewood is a lovely place to call home or visit, with easy access to larger cities for more urban amenities.

πŸ” Search & Compare Places

First Location πŸ“