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ZipNumbers

Tennessee · Census place 28740

Gates town, TN

Quick answer

Gates town has 612 residents, ranking #358 of 504 places in Tennessee. Median household income is $39,815, the median home is worth $88,500 and median gross rent runs $759 a month.

Population
612Gates town residents
Median household income
$39,815Past 12 months, inflation adjusted
Median home value
$88,500Owner-occupied units
Median gross rent
$759Rent plus utilities, monthly
Median age
31.8 yrsAll residents
Homeownership rate
42.3%Owner-occupied households

What the numbers mean in Gates town

Housing cost measured against local earnings.

A household earning the Gates town median would spend about 22.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 24.2% of residents and 42.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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