The typical owner-occupied home in Hornsby is worth about $106,300, 63% below the Tennessee median of $286,700 and 68% below the national median of $332,700. Owners pay a median $681 a year in property taxes, about 0.64% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $49,135 a year, so the median home costs 2.2 times the median income (4.1 times for Tennessee). 89% of occupied homes here are lived in by their owners, and 27% of those owners still have a mortgage.
Hornsby at a glance
| Hornsby | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $106,300 | $286,700 | $332,700 |
| Median property tax paid per year | $681 | $1,442 | $3,119 |
| Property tax as a share of value | 0.64% | 0.50% | 0.94% |
| Median household income | $49,135 | $69,595 | $80,734 |
| Homes lived in by their owners | 89% | 67% | 65% |
| Owner homes with a mortgage | 27% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $908 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 19.6% | 21.0% |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1976 | 1987 | 1980 |
| Vacant homes | 8.7% | 10.2% | 10.1% |
| Population | 228 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Hornsby
At this week's average 30-year rate of 7.11%, buying the median Hornsby home of $106,300 with 20% down costs about $673 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $850, 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 $28,845 for the 20%-down payment. That payment is 16% of the median Hornsby household income of $49,135; at that income and 20% down, the 28% guideline points to a home of about $181,000.
| Down payment | $21,260 |
|---|---|
| Loan amount | $85,040 |
| Principal and interest | $572 |
| Property taxes (0.64% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $673 |
Change the numbers in the calculator
| Down payment | $3,720 |
|---|---|
| Loan amount | $104,375 |
| Principal and interest | $702 |
| Property taxes (0.64% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $47 |
| Total per month | $850 |
Change the numbers in the calculator
Questions about home buying in Hornsby
What is the median home value in Hornsby?
About $106,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hornsby?
Homeowners pay a median $681 a year, which is about 0.64% 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 Hornsby?
For the median home with 20% down at 7.11%, the payment is about $673 a month. Keeping that under 28% of gross income takes about $28,845 a year.
More about Hornsby
- Mortgage Refinance in Hornsby
- Debt Relief in Hornsby
- Home Equity Loans in Hornsby
- 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