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Minor Hill

Learn about the people, housing, costs and businesses in Minor Hill, Tennessee

Median Home$202,000
Median Rent$738/month
Population508
Leading IndustriesProfessional Services · Wholesale Trade · Education3% professional services
Home Value Growth⬆⬆⬆+22.6% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners82% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Minor Hill
TN

Frequently Asked Questions

What are today's mortgage rates in Minor Hill?

As of today, the 30-year fixed mortgage rate for Minor Hill is approximately 6.821% (6.854% 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 Minor Hill?

The median home value in Minor Hill is $202k. The median monthly rent is $738. Annual property taxes average $828. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Minor Hill?

Home values in Minor Hill have increased 22.6% 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 Minor Hill?

Based on a typical all-in ownership cost of $748/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 Minor Hill is $73k/year.

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What industries drive the economy in Minor Hill?

The largest employment sectors in Minor Hill are wholesale trade (12%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.