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Sullivan Gardens

Learn about the people, housing, costs and businesses in Sullivan Gardens, Tennessee

Median Home$183,300
Median Rent$1,059/month
Population1,127
Leading IndustriesWholesale Trade · Education27% wholesale trade
Home Value Growth⬆⬆+17.4% over 2 years
Young Adults33% of residentswell above average
Homeowners80% of occupied units
Sullivan Gardens
TN

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Sullivan Gardens?

As of today, the 30-year fixed mortgage rate for Sullivan Gardens 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 Sullivan Gardens?

The median home value in Sullivan Gardens is $183k. The median monthly rent is $1,059. Annual property taxes average $882. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sullivan Gardens?

Home values in Sullivan Gardens have increased 17.4% 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 Sullivan Gardens?

Based on a typical all-in ownership cost of $487/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sullivan Gardens is $53k/year.

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What industries drive the economy in Sullivan Gardens?

The largest employment sectors in Sullivan Gardens are wholesale trade (27%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.