The typical owner-occupied home in Hardeman County is worth about $121,700, 58% below the Tennessee median of $286,700 and 63% below the national median of $332,700. Owners pay a median $764 a year in property taxes, about 0.63% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $46,069 a year, so the median home costs 2.6 times the median income (4.1 times for Tennessee). 72% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Hardeman County at a glance
| Hardeman County | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $121,700 | $286,700 | $332,700 |
| Median property tax paid per year | $764 | $1,442 | $3,119 |
| Property tax as a share of value | 0.63% | 0.50% | 0.94% |
| Median household income | $46,069 | $69,595 | $80,734 |
| Homes lived in by their owners | 72% | 67% | 65% |
| Owner homes with a mortgage | 53% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,095 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 19.6% | 21.0% |
| Median rent | $812 | $1,189 | $1,413 |
| Rent as a share of renters' income | 32.0% | 29.5% | 30.6% |
| Median year homes were built | 1982 | 1987 | 1980 |
| Vacant homes | 15.3% | 10.2% | 10.1% |
| Population | 25,433 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Hardeman County
At this week's average 30-year rate of 7.11%, buying the median Hardeman County home of $121,700 with 20% down costs about $770 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $972, 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 $32,981 for the 20%-down payment. That payment is 20% of the median Hardeman County household income of $46,069; at that income and 20% down, the 28% guideline points to a home of about $170,000.
The median rent here is $812 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $24,340 |
|---|---|
| Loan amount | $97,360 |
| Principal and interest | $655 |
| Property taxes (0.63% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $770 |
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| Down payment | $4,260 |
|---|---|
| Loan amount | $119,496 |
| Principal and interest | $804 |
| Property taxes (0.63% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $972 |
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Questions about home buying in Hardeman County
What is the median home value in Hardeman County?
About $121,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hardeman County?
Homeowners pay a median $764 a year, which is about 0.63% 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 Hardeman County?
For the median home with 20% down at 7.11%, the payment is about $770 a month. Keeping that under 28% of gross income takes about $32,981 a year.
More about Hardeman County
- Mortgage Refinance in Hardeman County
- Debt Relief in Hardeman County
- Home Equity Loans in Hardeman 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