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Parkers Crossroads

Learn about the people, housing, costs and businesses in Parkers Crossroads, Tennessee

Median Home$144,100
Median Rent$653/month
Population291
Leading IndustriesInformation & Media · Education · Wholesale Trade10% information & media
Home Value Growth⬆⬆⬆+30.2% over 2 years
Retirees30% of residentswell above average
Homeowners90% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$144k median home · lower cost than 77% of the country
Parkers Crossroads
TN

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Frequently Asked Questions

What are today's mortgage rates in Parkers Crossroads?

As of today, the 30-year fixed mortgage rate for Parkers Crossroads is approximately 6.887% (6.923% 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 Parkers Crossroads?

The median home value in Parkers Crossroads is $144k. The median monthly rent is $653. Annual property taxes average $692. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parkers Crossroads?

Home values in Parkers Crossroads have increased 30.2% 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 Parkers Crossroads?

Based on a typical all-in ownership cost of $645/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parkers Crossroads is $51k/year.

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What industries drive the economy in Parkers Crossroads?

The largest employment sectors in Parkers Crossroads are public administration (21%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.