The typical owner-occupied home in Graysville is worth about $104,700, 63% below the Tennessee median of $286,700 and 69% below the national median of $332,700. Owners pay a median $705 a year in property taxes, about 0.67% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $40,000 a year, so the median home costs 2.6 times the median income (4.1 times for Tennessee). 57% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Graysville at a glance
| Graysville | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $104,700 | $286,700 | $332,700 |
| Median property tax paid per year | $705 | $1,442 | $3,119 |
| Property tax as a share of value | 0.67% | 0.50% | 0.94% |
| Median household income | $40,000 | $69,595 | $80,734 |
| Homes lived in by their owners | 57% | 67% | 65% |
| Owner homes with a mortgage | 41% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,261 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 23.0% | 19.6% | 21.0% |
| Median rent | $761 | $1,189 | $1,413 |
| Rent as a share of renters' income | 26.7% | 29.5% | 30.6% |
| Median year homes were built | 1984 | 1987 | 1980 |
| Vacant homes | 21.7% | 10.2% | 10.1% |
| Population | 1,304 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Graysville
At this week's average 30-year rate of 7.11%, buying the median Graysville home of $104,700 with 20% down costs about $666 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $840, 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 $28,523 for the 20%-down payment. That payment is 20% of the median Graysville household income of $40,000; at that income and 20% down, the 28% guideline points to a home of about $147,000.
The median rent here is $761 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,940 |
|---|---|
| Loan amount | $83,760 |
| Principal and interest | $563 |
| Property taxes (0.67% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $666 |
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| Down payment | $3,664 |
|---|---|
| Loan amount | $102,804 |
| Principal and interest | $692 |
| Property taxes (0.67% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $46 |
| Total per month | $840 |
Change the numbers in the calculator
Questions about home buying in Graysville
What is the median home value in Graysville?
About $104,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Graysville?
Homeowners pay a median $705 a year, which is about 0.67% 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 Graysville?
For the median home with 20% down at 7.11%, the payment is about $666 a month. Keeping that under 28% of gross income takes about $28,523 a year.
More about Graysville
- Mortgage Refinance in Graysville
- Debt Relief in Graysville
- Home Equity Loans in Graysville
- 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