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Coalfield

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

Median Home$184,800
Median Rent$879/month
Population2,524
Leading IndustriesHealthcare · Wholesale Trade · Education13% healthcare
Home Value Growth⬆⬆⬆+28.5% over 2 years
Young Adults42% of residentstop 2% nationally
Homeowners88% of occupied units
Coalfield
TN

Frequently Asked Questions

What are today's mortgage rates in Coalfield?

As of today, the 30-year fixed mortgage rate for Coalfield is approximately 6.910% (6.947% 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 Coalfield?

The median home value in Coalfield is $185k. The median monthly rent is $879. Annual property taxes average $869. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Coalfield?

Home values in Coalfield have increased 28.5% 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 Coalfield?

Based on a typical all-in ownership cost of $547/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Coalfield is $76k/year.

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What industries drive the economy in Coalfield?

The largest employment sectors in Coalfield are public administration (25%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.