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Germantown Municipal

Learn about the people, housing, costs and businesses in Germantown Municipal, Tennessee

Median Home$492,678
Median Rent$2,046/month
Population41,132
Leading IndustriesEducation · Transportation · Arts, Food & Hospitality5% education
Home Value Growth+6.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners83% of occupied units
NotableHighly Educated39% bachelor's · 20% graduate · top 1% nationally
NotableHigh Incomes$154k/year · top 1% nationally
Germantown Municipal
TN

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Germantown Municipal?

As of today, the 30-year fixed mortgage rate for Germantown Municipal is approximately 6.859% (6.894% 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 Germantown Municipal?

The median home value in Germantown Municipal is $493k. The median monthly rent is $2,046. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Germantown Municipal?

Home values in Germantown Municipal have increased 6.8% over the past two years. This represents moderate growth. 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 Germantown Municipal?

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 Germantown Municipal is $154k/year.

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What industries drive the economy in Germantown Municipal?

The largest employment sectors in Germantown Municipal are public administration (26%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.