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Greenback

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

Median Home$344,900
Median Rent$959/month
Population1,175
Leading IndustriesRetail · Wholesale Trade · Construction18% retail
Home Value Growth⬆⬆+15.4% over 2 years
Retirees22% of residentsnear the national average
Homeowners90% of occupied units
NotableTransit86/100 · excellent transit access
NotableHigh Incomes$98k/year · top 18% nationally
Greenback
TN

Frequently Asked Questions

What are today's mortgage rates in Greenback?

As of today, the 30-year fixed mortgage rate for Greenback is approximately 6.860% (6.895% 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 Greenback?

The median home value in Greenback is $345k. The median monthly rent is $959. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Greenback?

Home values in Greenback have increased 15.4% 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 Greenback?

Based on a typical all-in ownership cost of $719/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Greenback is $98k/year.

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What industries drive the economy in Greenback?

The largest employment sectors in Greenback are public administration (20%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.