Safe Rate Local
Learn about the people, housing, costs and businesses in Tennessee, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Tennessee.
True all-in cost — P&I, taxes, insurance & utilities for homes in Tennessee.
Find and compare lenders active near Tennessee.
FEMA flood zones and flood insurance estimates for Tennessee.
Seismic risk and earthquake insurance estimates for Tennessee.
Wildfire exposure and insurance estimates for Tennessee.
As of today, the 30-year fixed mortgage rate for Tennessee is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for TennesseeThe median home value in Tennessee is $127k. The median monthly rent is $755. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Tennessee have increased 42.7% 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.
Based on a typical all-in ownership cost of $749/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 Tennessee is $62k/year.
Calculate your buying powerThe largest employment sectors in Tennessee are public administration (23%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.