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Delano

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

Median Home$165,867
Median Rent$788/month
Population836
Leading IndustriesRetail · Professional Services · Education24% retail
Home Value Growth⬆⬆⬆+35.2% over 2 years
Young Adults27% of residentsnear the national average
Homeowners89% of occupied units
NotableTransit81/100 · excellent transit access
NotableAffordable Market$166k median home · lower cost than 67% of the country
Delano
TN

Frequently Asked Questions

What are today's mortgage rates in Delano?

As of today, the 30-year fixed mortgage rate for Delano is approximately 7.080% (7.125% 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 Delano?

The median home value in Delano is $166k. The median monthly rent is $788. Annual property taxes average $861. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Delano?

Home values in Delano have increased 35.2% 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 Delano?

Based on a typical all-in ownership cost of $459/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Delano is $66k/year.

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What industries drive the economy in Delano?

The largest employment sectors in Delano are retail (24%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.