The typical owner-occupied home in Grundy County is worth about $154,000, 46% below the Tennessee median of $286,700 and 54% below the national median of $332,700. Owners pay a median $586 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 $47,593 a year, so the median home costs 3.2 times the median income (4.1 times for Tennessee). 84% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Grundy County at a glance
| Grundy County | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $154,000 | $286,700 | $332,700 |
| Median property tax paid per year | $586 | $1,442 | $3,119 |
| Property tax as a share of value | 0.38% | 0.50% | 0.94% |
| Median household income | $47,593 | $69,595 | $80,734 |
| Homes lived in by their owners | 84% | 67% | 65% |
| Owner homes with a mortgage | 39% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,072 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 19.6% | 21.0% |
| Median rent | $636 | $1,189 | $1,413 |
| Rent as a share of renters' income | 24.5% | 29.5% | 30.6% |
| Median year homes were built | 1987 | 1987 | 1980 |
| Vacant homes | 17.3% | 10.2% | 10.1% |
| Population | 13,819 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Grundy County
At this week's average 30-year rate of 7.11%, buying the median Grundy County home of $154,000 with 20% down costs about $942 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,198, 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 $40,359 for the 20%-down payment. That payment is 24% of the median Grundy County household income of $47,593; at that income and 20% down, the 28% guideline points to a home of about $182,000.
The median rent here is $636 a month, so owning the median home costs about $306 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,800 |
|---|---|
| Loan amount | $123,200 |
| Principal and interest | $829 |
| Property taxes (0.38% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| PMI | $0 |
| Total per month | $942 |
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| Down payment | $5,390 |
|---|---|
| Loan amount | $151,211 |
| Principal and interest | $1,017 |
| Property taxes (0.38% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| FHA mortgage insurance | $68 |
| Total per month | $1,198 |
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Questions about home buying in Grundy County
What is the median home value in Grundy County?
About $154,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grundy County?
Homeowners pay a median $586 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 Grundy County?
For the median home with 20% down at 7.11%, the payment is about $942 a month. Keeping that under 28% of gross income takes about $40,359 a year.
More about Grundy County
- Mortgage Refinance in Grundy County
- Debt Relief in Grundy County
- Home Equity Loans in Grundy County
- 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