The typical owner-occupied home in Silerton is worth about $102,800, 64% below the Tennessee median of $286,700 and 69% below the national median of $332,700. Owners pay a median $633 a year in property taxes, about 0.62% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $41,607 a year, so the median home costs 2.5 times the median income (4.1 times for Tennessee). 53% of occupied homes here are lived in by their owners, and 27% of those owners still have a mortgage.
Silerton at a glance
| Silerton | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $102,800 | $286,700 | $332,700 |
| Median property tax paid per year | $633 | $1,442 | $3,119 |
| Property tax as a share of value | 0.62% | 0.50% | 0.94% |
| Median household income | $41,607 | $69,595 | $80,734 |
| Homes lived in by their owners | 53% | 67% | 65% |
| Owner homes with a mortgage | 27% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,125 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 28.8% | 19.6% | 21.0% |
| Median rent | $625 | $1,189 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.5% | 30.6% |
| Median year homes were built | 1959 | 1987 | 1980 |
| Vacant homes | 7.5% | 10.2% | 10.1% |
| Population | 81 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Silerton
At this week's average 30-year rate of 7.11%, buying the median Silerton home of $102,800 with 20% down costs about $649 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $820, 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 $27,822 for the 20%-down payment. That payment is 19% of the median Silerton household income of $41,607; at that income and 20% down, the 28% guideline points to a home of about $154,000.
The median rent here is $625 a month, so owning the median home costs about $24 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $20,560 |
|---|---|
| Loan amount | $82,240 |
| Principal and interest | $553 |
| Property taxes (0.62% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $649 |
Change the numbers in the calculator
| Down payment | $3,598 |
|---|---|
| Loan amount | $100,938 |
| Principal and interest | $679 |
| Property taxes (0.62% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $45 |
| Total per month | $820 |
Change the numbers in the calculator
Questions about home buying in Silerton
What is the median home value in Silerton?
About $102,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Silerton?
Homeowners pay a median $633 a year, which is about 0.62% 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 Silerton?
For the median home with 20% down at 7.11%, the payment is about $649 a month. Keeping that under 28% of gross income takes about $27,822 a year.
More about Silerton
- Mortgage Refinance in Silerton
- Debt Relief in Silerton
- Home Equity Loans in Silerton
- 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