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Baxter

Learn about the people, housing, costs and businesses in Baxter, Tennessee

Median Home$238,100
Median Rent$994/month
Population1,588
Leading IndustriesManufacturing · Agriculture & Mining · Transportation10% manufacturing
Home Value Growth⬆⬆⬆+24.9% over 2 years
Retirees22% of residentsnear the national average
Homeowners76% of occupied units
Baxter
TN

Frequently Asked Questions

What are today's mortgage rates in Baxter?

As of today, the 30-year fixed mortgage rate for Baxter is approximately 6.935% (6.973% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Baxter?

The median home value in Baxter is $238k. The median monthly rent is $994. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Baxter?

Home values in Baxter have increased 24.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Baxter?

Based on a typical all-in ownership cost of $824/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Baxter is $71k/year.

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What industries drive the economy in Baxter?

The largest employment sectors in Baxter are public administration (24%) and agriculture and mining (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.