The typical owner-occupied home in Burns is worth about $286,400, about the same as the Tennessee median of $286,700 and 14% below the national median of $332,700. Owners pay a median $1,395 a year in property taxes, about 0.49% of their home's value, close to the Tennessee rate of 0.50%. The median household earns $69,167 a year, so the median home costs 4.1 times the median income (4.1 times for Tennessee). 78% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Burns at a glance
| Burns | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $286,400 | $286,700 | $332,700 |
| Median property tax paid per year | $1,395 | $1,442 | $3,119 |
| Property tax as a share of value | 0.49% | 0.50% | 0.94% |
| Median household income | $69,167 | $69,595 | $80,734 |
| Homes lived in by their owners | 78% | 67% | 65% |
| Owner homes with a mortgage | 62% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,418 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 21.0% | 19.6% | 21.0% |
| Median rent | $887 | $1,189 | $1,413 |
| Rent as a share of renters' income | 23.1% | 29.5% | 30.6% |
| Median year homes were built | 1980 | 1987 | 1980 |
| Vacant homes | 4.6% | 10.2% | 10.1% |
| Population | 1,884 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Burns
At this week's average 30-year rate of 7.11%, buying the median Burns home of $286,400 with 20% down costs about $1,778 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,255, 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 $76,182 for the 20%-down payment. That payment is 31% of the median Burns household income of $69,167; at that income and 20% down, the 28% guideline points to a home of about $260,000.
The median rent here is $887 a month, so owning the median home costs about $891 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $57,280 |
|---|---|
| Loan amount | $229,120 |
| Principal and interest | $1,541 |
| Property taxes (0.49% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| PMI | $0 |
| Total per month | $1,778 |
Change the numbers in the calculator
| Down payment | $10,024 |
|---|---|
| Loan amount | $281,213 |
| Principal and interest | $1,892 |
| Property taxes (0.49% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| FHA mortgage insurance | $127 |
| Total per month | $2,255 |
Change the numbers in the calculator
Questions about home buying in Burns
What is the median home value in Burns?
About $286,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Burns?
Homeowners pay a median $1,395 a year, which is about 0.49% 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 Burns?
For the median home with 20% down at 7.11%, the payment is about $1,778 a month. Keeping that under 28% of gross income takes about $76,182 a year.
More about Burns
- Mortgage Refinance in Burns
- Debt Relief in Burns
- Home Equity Loans in Burns
- 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