The typical owner-occupied home in Finley is worth about $162,500, 43% below the Tennessee median of $286,700 and 51% below the national median of $332,700. Owners pay a median $1,048 a year in property taxes, about 0.64% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $73,846 a year, so the median home costs 2.2 times the median income (4.1 times for Tennessee). 49% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Finley at a glance
| Finley | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $162,500 | $286,700 | $332,700 |
| Median property tax paid per year | $1,048 | $1,442 | $3,119 |
| Property tax as a share of value | 0.64% | 0.50% | 0.94% |
| Median household income | $73,846 | $69,595 | $80,734 |
| Homes lived in by their owners | 49% | 67% | 65% |
| Owner homes with a mortgage | 46% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,268 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 11.8% | 19.6% | 21.0% |
| Median rent | $913 | $1,189 | $1,413 |
| Rent as a share of renters' income | 15.6% | 29.5% | 30.6% |
| Median year homes were built | 1978 | 1987 | 1980 |
| Vacant homes | 10.9% | 10.2% | 10.1% |
| Population | 481 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Finley
At this week's average 30-year rate of 7.11%, buying the median Finley home of $162,500 with 20% down costs about $1,029 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,300, 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 $44,096 for the 20%-down payment. That payment is 17% of the median Finley household income of $73,846; at that income and 20% down, the 28% guideline points to a home of about $272,000.
The median rent here is $913 a month, so owning the median home costs about $116 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,500 |
|---|---|
| Loan amount | $130,000 |
| Principal and interest | $875 |
| Property taxes (0.64% a year) | $87 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,029 |
Change the numbers in the calculator
| Down payment | $5,688 |
|---|---|
| Loan amount | $159,557 |
| Principal and interest | $1,073 |
| Property taxes (0.64% a year) | $87 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,300 |
Change the numbers in the calculator
Questions about home buying in Finley
What is the median home value in Finley?
About $162,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Finley?
Homeowners pay a median $1,048 a year, which is about 0.64% 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 Finley?
For the median home with 20% down at 7.11%, the payment is about $1,029 a month. Keeping that under 28% of gross income takes about $44,096 a year.
More about Finley
- Mortgage Refinance in Finley
- Debt Relief in Finley
- Home Equity Loans in Finley
- 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