The typical owner-occupied home in Cheatham County is worth about $338,700, 18% above the Tennessee median of $286,700 and about the same as the national median of $332,700. Owners pay a median $1,582 a year in property taxes, about 0.47% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $89,852 a year, so the median home costs 3.8 times the median income (4.1 times for Tennessee). 82% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Cheatham County at a glance
| Cheatham County | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $338,700 | $286,700 | $332,700 |
| Median property tax paid per year | $1,582 | $1,442 | $3,119 |
| Property tax as a share of value | 0.47% | 0.50% | 0.94% |
| Median household income | $89,852 | $69,595 | $80,734 |
| Homes lived in by their owners | 82% | 67% | 65% |
| Owner homes with a mortgage | 60% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,683 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 19.6% | 21.0% |
| Median rent | $1,345 | $1,189 | $1,413 |
| Rent as a share of renters' income | 29.6% | 29.5% | 30.6% |
| Median year homes were built | 1992 | 1987 | 1980 |
| Vacant homes | 6.7% | 10.2% | 10.1% |
| Population | 41,829 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Cheatham County
At this week's average 30-year rate of 7.11%, buying the median Cheatham County home of $338,700 with 20% down costs about $2,097 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,661, 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 $89,852 for the 20%-down payment. That payment is 28% of the median Cheatham County household income of $89,852; at that income and 20% down, the 28% guideline points to a home of about $339,000.
The median rent here is $1,345 a month, so owning the median home costs about $752 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $67,740 |
|---|---|
| Loan amount | $270,960 |
| Principal and interest | $1,823 |
| Property taxes (0.47% a year) | $133 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| PMI | $0 |
| Total per month | $2,097 |
Change the numbers in the calculator
| Down payment | $11,854 |
|---|---|
| Loan amount | $332,565 |
| Principal and interest | $2,237 |
| Property taxes (0.47% a year) | $133 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| FHA mortgage insurance | $150 |
| Total per month | $2,661 |
Change the numbers in the calculator
Questions about home buying in Cheatham County
What is the median home value in Cheatham County?
About $338,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cheatham County?
Homeowners pay a median $1,582 a year, which is about 0.47% 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 Cheatham County?
For the median home with 20% down at 7.11%, the payment is about $2,097 a month. Keeping that under 28% of gross income takes about $89,852 a year.
More about Cheatham County
- Mortgage Refinance in Cheatham County
- Debt Relief in Cheatham County
- Home Equity Loans in Cheatham County
- 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