Can A Real Estate Agent Afford Rent in Portland, TN?

Stretched but workable — rent takes 33.8% of gross income.

Portland rent: June 2026. Salary: BLS OEWS May 2024 (Tennessee state estimate).

Portland median rent
$1,698/mo
Real Estate Agent salary (Tennessee)
$60,334/yr
Rent as % of income
33.8%
Gross monthly income works out to about $5,028, and the 30% rule supports up to $1,508/mo in rent. Portland's median rent of $1,698 exceeds that threshold by $190/mo, putting a real estate agent salary into the rent-burdened range here. A real estate agent works roughly 58.5 hours a month to cover that rent.

About rent and a real estate agent salary

Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.

Cheaper rent nearby

These Tennessee cities have lower median rent than Portland, which improves the affordability math on a real estate agent salary:

Oak Ridge, TN
$1,697/mo (33.8% of income)
Knoxville, TN
$1,696/mo (33.7% of income)
Knoxville, TN
$1,693/mo (33.7% of income)

Compare with full rent data for Portland

View full rent data for Portland, TN

Frequently asked questions

Can a real estate agent afford rent in Portland, TN?

Median rent in Portland is $1,698 a month. A typical real estate agent in Tennessee earns about $60,334 a year, which makes that rent 33.8% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.

How much rent can a real estate agent afford in Portland?

Using the 30% rule, a real estate agent salary in Tennessee (~$60,334/yr) supports up to $1,508 a month in rent. Portland's current median rent is $1,698/mo, which is $190/mo over the affordability threshold.

How many hours does a real estate agent work to cover rent in Portland?

At an hourly equivalent of about $29 an hour, a real estate agent in Tennessee works roughly 58.5 hours a month to cover Portland's median rent of $1,698.

Where is rent cheaper than Portland for a real estate agent?

Nearby Tennessee cities with lower median rent include Oak Ridge ($1,697/mo), Knoxville ($1,696/mo), Knoxville ($1,693/mo). Each shifts the affordability math materially on a real estate agent salary.

Methodology: Salary uses the BLS-derived Tennessee state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Portland, TN. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.