The typical owner-occupied home in Tazewell is worth about $196,800, 31% below the Tennessee median of $286,700 and 41% below the national median of $332,700. Owners pay a median $811 a year in property taxes, about 0.41% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $41,836 a year, so the median home costs 4.7 times the median income (4.1 times for Tennessee). 59% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Tazewell at a glance
| Tazewell | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $196,800 | $286,700 | $332,700 |
| Median property tax paid per year | $811 | $1,442 | $3,119 |
| Property tax as a share of value | 0.41% | 0.50% | 0.94% |
| Median household income | $41,836 | $69,595 | $80,734 |
| Homes lived in by their owners | 59% | 67% | 65% |
| Owner homes with a mortgage | 41% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $874 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 19.6% | 21.0% |
| Median rent | $803 | $1,189 | $1,413 |
| Rent as a share of renters' income | 28.2% | 29.5% | 30.6% |
| Median year homes were built | 1973 | 1987 | 1980 |
| Vacant homes | 7.3% | 10.2% | 10.1% |
| Population | 2,902 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Tazewell
At this week's average 30-year rate of 7.11%, buying the median Tazewell home of $196,800 with 20% down costs about $1,208 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,536, 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 $51,786 for the 20%-down payment. That payment is 35% of the median Tazewell household income of $41,836; at that income and 20% down, the 28% guideline points to a home of about $159,000.
The median rent here is $803 a month, so owning the median home costs about $405 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $39,360 |
|---|---|
| Loan amount | $157,440 |
| Principal and interest | $1,059 |
| Property taxes (0.41% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $82 |
| PMI | $0 |
| Total per month | $1,208 |
Change the numbers in the calculator
| Down payment | $6,888 |
|---|---|
| Loan amount | $193,235 |
| Principal and interest | $1,300 |
| Property taxes (0.41% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $82 |
| FHA mortgage insurance | $87 |
| Total per month | $1,536 |
Change the numbers in the calculator
Questions about home buying in Tazewell
What is the median home value in Tazewell?
About $196,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Tazewell?
Homeowners pay a median $811 a year, which is about 0.41% 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 Tazewell?
For the median home with 20% down at 7.11%, the payment is about $1,208 a month. Keeping that under 28% of gross income takes about $51,786 a year.
More about Tazewell
- Mortgage Refinance in Tazewell
- Debt Relief in Tazewell
- Home Equity Loans in Tazewell
- 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