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Collierville

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

Median Home$493,684
Median Rent$1,912/month
Population51,408
Leading IndustriesFinance & Insurance · Information & Media · Arts, Food & Hospitality14% finance & insurance
Home Value Growth⬆⬆+13.4% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners78% of occupied units
NotableHigh Incomes$143k/year · top 2% nationally
NotableHighly Educated34% bachelor's · 21% graduate · top 2% nationally
Collierville
TN

Frequently Asked Questions

What are today's mortgage rates in Collierville?

As of today, the 30-year fixed mortgage rate for Collierville is approximately 6.848% (6.882% 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 Collierville?

The median home value in Collierville is $494k. The median monthly rent is $1,912. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Collierville?

Home values in Collierville have increased 13.4% 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 Collierville?

Based on a typical all-in ownership cost of $2,029/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Collierville is $143k/year.

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What industries drive the economy in Collierville?

The largest employment sectors in Collierville are public administration (22%) and information and media (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.