The typical owner-occupied home in Signal Mountain is worth about $544,300, 90% above the Tennessee median of $286,700 and 64% above the national median of $332,700. Owners pay a median $3,877 a year in property taxes, about 0.71% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $141,008 a year, so the median home costs 3.9 times the median income (4.1 times for Tennessee). 88% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Signal Mountain at a glance
| Signal Mountain | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $544,300 | $286,700 | $332,700 |
| Median property tax paid per year | $3,877 | $1,442 | $3,119 |
| Property tax as a share of value | 0.71% | 0.50% | 0.94% |
| Median household income | $141,008 | $69,595 | $80,734 |
| Homes lived in by their owners | 88% | 67% | 65% |
| Owner homes with a mortgage | 56% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,397 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 16.0% | 19.6% | 21.0% |
| Median rent | $1,852 | $1,189 | $1,413 |
| Rent as a share of renters' income | 36.2% | 29.5% | 30.6% |
| Median year homes were built | 1977 | 1987 | 1980 |
| Vacant homes | 2.3% | 10.2% | 10.1% |
| Population | 8,860 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Signal Mountain
At this week's average 30-year rate of 7.11%, buying the median Signal Mountain home of $544,300 with 20% down costs about $3,478 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,385, 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 $149,060 for the 20%-down payment. That payment is 30% of the median Signal Mountain household income of $141,008; at that income and 20% down, the 28% guideline points to a home of about $515,000.
The median rent here is $1,852 a month, so owning the median home costs about $1,626 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $108,860 |
|---|---|
| Loan amount | $435,440 |
| Principal and interest | $2,929 |
| Property taxes (0.71% a year) | $322 |
| Homeowners insurance (our estimate, 0.5% a year) | $227 |
| PMI | $0 |
| Total per month | $3,478 |
Change the numbers in the calculator
| Down payment | $19,050 |
|---|---|
| Loan amount | $534,441 |
| Principal and interest | $3,595 |
| Property taxes (0.71% a year) | $322 |
| Homeowners insurance (our estimate, 0.5% a year) | $227 |
| FHA mortgage insurance | $241 |
| Total per month | $4,385 |
Change the numbers in the calculator
Questions about home buying in Signal Mountain
What is the median home value in Signal Mountain?
About $544,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Signal Mountain?
Homeowners pay a median $3,877 a year, which is about 0.71% 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 Signal Mountain?
For the median home with 20% down at 7.11%, the payment is about $3,478 a month. Keeping that under 28% of gross income takes about $149,060 a year.
More about Signal Mountain
- Mortgage Refinance in Signal Mountain
- Debt Relief in Signal Mountain
- Home Equity Loans in Signal Mountain
- 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