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Sweetwater

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

Median Home$209,856
Median Rent$619/month
Population6,420
Leading IndustriesRetail · Construction · Agriculture & Mining21% retail
Home Value Growth+6.7% over 2 years
Retirees22% of residentsnear the national average
Homeowners62% of occupied units
Sweetwater
TN

Frequently Asked Questions

What are today's mortgage rates in Sweetwater?

As of today, the 30-year fixed mortgage rate for Sweetwater is approximately 6.935% (6.973% 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 Sweetwater?

The median home value in Sweetwater is $210k. The median monthly rent is $619. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sweetwater?

Home values in Sweetwater have increased 6.7% over the past two years. This represents moderate growth. 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 Sweetwater?

Based on a typical all-in ownership cost of $646/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 Sweetwater is $51k/year.

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What industries drive the economy in Sweetwater?

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