The typical owner-occupied home in Jamestown is worth about $135,000, 53% below the Tennessee median of $286,700 and 59% below the national median of $332,700. Owners pay a median $462 a year in property taxes, about 0.34% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $30,685 a year, so the median home costs 4.4 times the median income (4.1 times for Tennessee). 41% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Jamestown at a glance
| Jamestown | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $135,000 | $286,700 | $332,700 |
| Median property tax paid per year | $462 | $1,442 | $3,119 |
| Property tax as a share of value | 0.34% | 0.50% | 0.94% |
| Median household income | $30,685 | $69,595 | $80,734 |
| Homes lived in by their owners | 41% | 67% | 65% |
| Owner homes with a mortgage | 46% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,230 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 19.6% | 21.0% |
| Median rent | $377 | $1,189 | $1,413 |
| Rent as a share of renters' income | 28.2% | 29.5% | 30.6% |
| Median year homes were built | 1982 | 1987 | 1980 |
| Vacant homes | 17.2% | 10.2% | 10.1% |
| Population | 2,230 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Jamestown
At this week's average 30-year rate of 7.11%, buying the median Jamestown home of $135,000 with 20% down costs about $821 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,046, 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 $35,187 for the 20%-down payment. That payment is 32% of the median Jamestown household income of $30,685; at that income and 20% down, the 28% guideline points to a home of about $118,000.
The median rent here is $377 a month, so owning the median home costs about $444 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,000 |
|---|---|
| Loan amount | $108,000 |
| Principal and interest | $727 |
| Property taxes (0.34% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| PMI | $0 |
| Total per month | $821 |
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| Down payment | $4,725 |
|---|---|
| Loan amount | $132,555 |
| Principal and interest | $892 |
| Property taxes (0.34% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| FHA mortgage insurance | $60 |
| Total per month | $1,046 |
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Questions about home buying in Jamestown
What is the median home value in Jamestown?
About $135,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Jamestown?
Homeowners pay a median $462 a year, which is about 0.34% 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 Jamestown?
For the median home with 20% down at 7.11%, the payment is about $821 a month. Keeping that under 28% of gross income takes about $35,187 a year.
More about Jamestown
- Mortgage Refinance in Jamestown
- Debt Relief in Jamestown
- Home Equity Loans in Jamestown
- 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