The typical owner-occupied home in La Grange is worth about $436,400, 52% above the Tennessee median of $286,700 and 31% above the national median of $332,700. Owners pay a median $1,650 a year in property taxes, about 0.38% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $56,250 a year, so the median home costs 7.8 times the median income (4.1 times for Tennessee). 77% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
La Grange at a glance
| La Grange | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $436,400 | $286,700 | $332,700 |
| Median property tax paid per year | $1,650 | $1,442 | $3,119 |
| Property tax as a share of value | 0.38% | 0.50% | 0.94% |
| Median household income | $56,250 | $69,595 | $80,734 |
| Homes lived in by their owners | 77% | 67% | 65% |
| Owner homes with a mortgage | 57% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,650 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 45.0% | 19.6% | 21.0% |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1973 | 1987 | 1980 |
| Vacant homes | 40.0% | 10.2% | 10.1% |
| Population | 62 | 7,066,383 | 334,922,499 |
What a typical home costs per month in La Grange
At this week's average 30-year rate of 7.11%, buying the median La Grange home of $436,400 with 20% down costs about $2,669 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,396, 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 $114,368 for the 20%-down payment. That payment is 57% of the median La Grange household income of $56,250; at that income and 20% down, the 28% guideline points to a home of about $215,000.
| Down payment | $87,280 |
|---|---|
| Loan amount | $349,120 |
| Principal and interest | $2,349 |
| Property taxes (0.38% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $182 |
| PMI | $0 |
| Total per month | $2,669 |
Change the numbers in the calculator
| Down payment | $15,274 |
|---|---|
| Loan amount | $428,496 |
| Principal and interest | $2,883 |
| Property taxes (0.38% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $182 |
| FHA mortgage insurance | $193 |
| Total per month | $3,396 |
Change the numbers in the calculator
Questions about home buying in La Grange
What is the median home value in La Grange?
About $436,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in La Grange?
Homeowners pay a median $1,650 a year, which is about 0.38% 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 La Grange?
For the median home with 20% down at 7.11%, the payment is about $2,669 a month. Keeping that under 28% of gross income takes about $114,368 a year.
More about La Grange
- Mortgage Refinance in La Grange
- Debt Relief in La Grange
- Home Equity Loans in La Grange
- 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