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Farragut

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

Median Home$572,574
Median Rent$1,968/month
Population24,159
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation16% arts, food & hospitality
Home Value Growth⬆⬆⬆+31.9% over 2 years
Retirees22% of residentsnear the national average
Homeowners87% of occupied units
NotableHighly Educated38% bachelor's · 18% graduate · top 2% nationally
NotableHigh Incomes$145k/year · top 4% nationally
Farragut
TN

Frequently Asked Questions

What are today's mortgage rates in Farragut?

As of today, the 30-year fixed mortgage rate for Farragut is approximately 6.844% (6.878% 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 Farragut?

The median home value in Farragut is $573k. The median monthly rent is $1,968. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Farragut?

Home values in Farragut have increased 31.9% 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 Farragut?

Based on a typical all-in ownership cost of $1,696/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Farragut is $145k/year.

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What industries drive the economy in Farragut?

The largest employment sectors in Farragut are public administration (23%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.