Home prices
The price of the median home in Gallaway is $112,500. Compared to its nearby areas this is approximately $74,520 (39%) lower.It is about $105,000 (48%) lower compared to the United States as a whole, and compared to the city of Memphis it is about $10,700 (10%) higher.
Rents
The median rent in Gallaway is $498 a month. In comparison to its nearby areas this is roughly $710 (58%) lower.Compared to the country as a whole it is roughly $564 (53%) lower, and it is approximately $403 (44%) lower compared to the city of Memphis.
Nearby places
Braden
Braden is approximately 3 miles northeast from Gallaway. Housing prices there are somewhat more expensive. The median home cost in Braden is $164,300, which works out to $51,800 (31%) higher than Gallaway. Rents there are significantly more expensive. Braden's median rent is $775 a month, which works out to $277 (35%) higher than Gallaway.
Arlington
Arlington is roughly 5 miles southwest of Gallaway. The real estate prices there are a lot more expensive. The median home in Arlington is valued at $238,500, which works out to $126,000 (52%) higher than Gallaway. Rents there are significantly more expensive. Arlington's median rent is $1,801 per month, which works out to $1,303 (72%) higher than Gallaway.
Mason
Mason is about 6 miles northeast of Gallaway. The real estate prices there are somewhat less expensive. Mason's median home value is $89,100, which works out to $23,400 (26%) lower than Gallaway. Its rents are a lot more expensive. Mason's median rent is $763 a month, which comes out to $265 (34%) higher than Gallaway.
Lakeland
Lakeland is roughly 7 miles southwest of Gallaway. Its housing prices are significantly more expensive. The median home in Lakeland costs $257,400, which works out to $144,900 (56%) higher than Gallaway. Rent there is significantly more expensive. The median rent in Lakeland is $1,200 per month, which is $702 (58%) higher than Gallaway.
Oakland
Oakland is about 8 miles southeast of Gallaway. Its housing prices are substantially more expensive. The median home in Oakland costs $185,800, which is $73,300 (39%) higher than Gallaway. Its rents are a lot more expensive. Oakland's median monthly rent is $1,502, which is $1,004 (66%) higher than Gallaway.
