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Bon Air

Learn about the people, housing, costs and businesses in Bon Air, Tennessee

Median Home$159,900
Median Rent$1,035/month
Population409
Leading IndustriesRetail · Wholesale Trade · Transportation24% retail
Home Value Growth⬆⬆⬆+30.2% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners86% of occupied units
Bon Air
TN

Frequently Asked Questions

What are today's mortgage rates in Bon Air?

As of today, the 30-year fixed mortgage rate for Bon Air is approximately 6.979% (7.018% 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 Bon Air?

The median home value in Bon Air is $160k. The median monthly rent is $1,035. Annual property taxes average $768. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bon Air?

Home values in Bon Air have increased 30.2% 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 Bon Air?

Based on a typical all-in ownership cost of $627/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bon Air is $61k/year.

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What industries drive the economy in Bon Air?

The largest employment sectors in Bon Air are retail (24%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.