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Michie

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

Median Home$166,700
Median Rent$795/month
Population684
Leading IndustryRetail19% of local workforce
Home Value Growth⬆⬆⬆+21.0% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners84% of occupied units
NotableAffordable Market$167k median home · lower cost than 67% of the country
Michie
TN

Frequently Asked Questions

What are today's mortgage rates in Michie?

As of today, the 30-year fixed mortgage rate for Michie is approximately 6.969% (7.008% 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 Michie?

The median home value in Michie is $167k. The median monthly rent is $795. Annual property taxes average $664. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Michie?

Home values in Michie have increased 21.0% 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 Michie?

Based on a typical all-in ownership cost of $691/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Michie is $60k/year.

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What industries drive the economy in Michie?

The largest employment sectors in Michie are public administration (25%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.