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Lynnville

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

Median Home$317,200
Median Rent$806/month
Population305
Leading IndustriesManufacturing · Agriculture & Mining · Construction3% manufacturing
Home Value Growth⬆⬆+18.0% over 2 years
Young Adults27% of residentsnear the national average
Homeowners77% of occupied units
Lynnville
TN

Frequently Asked Questions

What are today's mortgage rates in Lynnville?

As of today, the 30-year fixed mortgage rate for Lynnville is approximately 6.922% (6.959% 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 Lynnville?

The median home value in Lynnville is $317k. The median monthly rent is $806. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lynnville?

Home values in Lynnville have increased 18.0% 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 Lynnville?

Based on a typical all-in ownership cost of $740/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lynnville is $57k/year.

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What industries drive the economy in Lynnville?

The largest employment sectors in Lynnville are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.