The typical owner-occupied home in Big Sandy is worth about $70,000, 76% below the Tennessee median of $286,700 and 79% below the national median of $332,700. Owners pay a median $493 a year in property taxes, about 0.70% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $47,500 a year, so the median home costs 1.5 times the median income (4.1 times for Tennessee). 59% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Big Sandy at a glance
| Big Sandy | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $70,000 | $286,700 | $332,700 |
| Median property tax paid per year | $493 | $1,442 | $3,119 |
| Property tax as a share of value | 0.70% | 0.50% | 0.94% |
| Median household income | $47,500 | $69,595 | $80,734 |
| Homes lived in by their owners | 59% | 67% | 65% |
| Owner homes with a mortgage | 57% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $936 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 24.3% | 19.6% | 21.0% |
| Median rent | $771 | $1,189 | $1,413 |
| Rent as a share of renters' income | 26.2% | 29.5% | 30.6% |
| Median year homes were built | 1975 | 1987 | 1980 |
| Vacant homes | 26.1% | 10.2% | 10.1% |
| Population | 507 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Big Sandy
At this week's average 30-year rate of 7.11%, buying the median Big Sandy home of $70,000 with 20% down costs about $447 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $563, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $19,145 for the 20%-down payment. That payment is 11% of the median Big Sandy household income of $47,500; at that income and 20% down, the 28% guideline points to a home of about $174,000.
The median rent here is $771 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,000 |
|---|---|
| Loan amount | $56,000 |
| Principal and interest | $377 |
| Property taxes (0.70% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $447 |
Change the numbers in the calculator
| Down payment | $2,450 |
|---|---|
| Loan amount | $68,732 |
| Principal and interest | $462 |
| Property taxes (0.70% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $563 |
Change the numbers in the calculator
Questions about home buying in Big Sandy
What is the median home value in Big Sandy?
About $70,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Big Sandy?
Homeowners pay a median $493 a year, which is about 0.70% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Big Sandy?
For the median home with 20% down at 7.11%, the payment is about $447 a month. Keeping that under 28% of gross income takes about $19,145 a year.
More about Big Sandy
- Mortgage Refinance in Big Sandy
- Debt Relief in Big Sandy
- Home Equity Loans in Big Sandy
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data