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Bean Station

Learn about the people, housing, costs and businesses in Bean Station, Tennessee

Median Home$173,832
Median Rent$657/month
Population3,203
Leading IndustriesRetail · Information & Media · Finance & Insurance20% retail
Home Value Growth⬆⬆⬆+21.3% over 2 years
Retirees21% of residentsnear the national average
Homeowners75% of occupied units
Bean Station
TN

Frequently Asked Questions

What are today's mortgage rates in Bean Station?

As of today, the 30-year fixed mortgage rate for Bean Station is approximately 6.907% (6.943% 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 Bean Station?

The median home value in Bean Station is $174k. The median monthly rent is $657. Annual property taxes average $833. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bean Station?

Home values in Bean Station have increased 21.3% 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 Bean Station?

Based on a typical all-in ownership cost of $677/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bean Station is $45k/year.

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What industries drive the economy in Bean Station?

The largest employment sectors in Bean Station are public administration (25%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.