The typical owner-occupied home in Pegram is worth about $387,100, 35% above the Tennessee median of $286,700 and 16% above the national median of $332,700. Owners pay a median $2,244 a year in property taxes, about 0.58% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $111,172 a year, so the median home costs 3.5 times the median income (4.1 times for Tennessee). 91% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Pegram at a glance
| Pegram | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $387,100 | $286,700 | $332,700 |
| Median property tax paid per year | $2,244 | $1,442 | $3,119 |
| Property tax as a share of value | 0.58% | 0.50% | 0.94% |
| Median household income | $111,172 | $69,595 | $80,734 |
| Homes lived in by their owners | 91% | 67% | 65% |
| Owner homes with a mortgage | 58% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,836 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 19.6% | 21.0% |
| Median rent | $1,671 | $1,189 | $1,413 |
| Rent as a share of renters' income | 43.4% | 29.5% | 30.6% |
| Median year homes were built | 1990 | 1987 | 1980 |
| Vacant homes | 7.0% | 10.2% | 10.1% |
| Population | 2,089 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Pegram
At this week's average 30-year rate of 7.11%, buying the median Pegram home of $387,100 with 20% down costs about $2,432 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,076, 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 $104,213 for the 20%-down payment. That payment is 26% of the median Pegram household income of $111,172; at that income and 20% down, the 28% guideline points to a home of about $413,000.
The median rent here is $1,671 a month, so owning the median home costs about $761 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $77,420 |
|---|---|
| Loan amount | $309,680 |
| Principal and interest | $2,083 |
| Property taxes (0.58% a year) | $187 |
| Homeowners insurance (our estimate, 0.5% a year) | $161 |
| PMI | $0 |
| Total per month | $2,432 |
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| Down payment | $13,548 |
|---|---|
| Loan amount | $380,089 |
| Principal and interest | $2,557 |
| Property taxes (0.58% a year) | $187 |
| Homeowners insurance (our estimate, 0.5% a year) | $161 |
| FHA mortgage insurance | $171 |
| Total per month | $3,076 |
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Questions about home buying in Pegram
What is the median home value in Pegram?
About $387,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pegram?
Homeowners pay a median $2,244 a year, which is about 0.58% 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 Pegram?
For the median home with 20% down at 7.11%, the payment is about $2,432 a month. Keeping that under 28% of gross income takes about $104,213 a year.
More about Pegram
- Mortgage Refinance in Pegram
- Debt Relief in Pegram
- Home Equity Loans in Pegram
- 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