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Pegram

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

Median Home$389,913
Median Rent$1,460/month
Population1,998
Leading IndustriesProfessional Services · Education4% professional services
Home Value Growth⬆⬆⬆+24.1% over 2 years
Young Adults28% of residentsnear the national average
Homeowners82% of occupied units
NotableHigh Incomes$95k/year · top 20% nationally
Pegram
TN

Frequently Asked Questions

What are today's mortgage rates in Pegram?

As of today, the 30-year fixed mortgage rate for Pegram is approximately 6.891% (6.927% 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 Pegram?

The median home value in Pegram is $390k. The median monthly rent is $1,460. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pegram?

Home values in Pegram have increased 24.1% 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 Pegram?

Based on a typical all-in ownership cost of $1,353/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pegram is $95k/year.

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What industries drive the economy in Pegram?

The largest employment sectors in Pegram are public administration (24%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.