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McLemoresville

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

Median Home$107,700
Median Rent$792/month
Population287
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services13% healthcare
Home Value Growth⬆⬆+19.8% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners76% of occupied units
NotableAffordable Market$108k median home · lower cost than 89% of the country
McLemoresville
TN

Frequently Asked Questions

What are today's mortgage rates in McLemoresville?

As of today, the 30-year fixed mortgage rate for McLemoresville is approximately 6.905% (6.941% 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 McLemoresville?

The median home value in McLemoresville is $108k. The median monthly rent is $792. Annual property taxes average $573. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in McLemoresville?

Home values in McLemoresville have increased 19.8% 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 McLemoresville?

Based on a typical all-in ownership cost of $721/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 McLemoresville is $52k/year.

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What industries drive the economy in McLemoresville?

The largest employment sectors in McLemoresville are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.