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La Follette

Learn about the people, housing, costs and businesses in La Follette, Tennessee

Median Home$149,916
Median Rent$751/month
Population7,600
Leading IndustriesEducation · Retail3% education
Home Value Growth⬆⬆⬆+29.9% over 2 years
Young Adults28% of residentsnear the national average
Renters54% of occupied units
NotableAffordable Market$150k median home · lower cost than 74% of the country
La Follette
TN

Frequently Asked Questions

What are today's mortgage rates in La Follette?

As of today, the 30-year fixed mortgage rate for La Follette is approximately 6.919% (6.956% 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 La Follette?

The median home value in La Follette is $150k. The median monthly rent is $751. Annual property taxes average $607. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in La Follette?

Home values in La Follette have increased 29.9% 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 La Follette?

Based on a typical all-in ownership cost of $734/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 La Follette is $43k/year.

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What industries drive the economy in La Follette?

The largest employment sectors in La Follette are public administration (21%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.