The typical owner-occupied home in Counce is worth about $159,200, 44% below the Tennessee median of $286,700 and 52% below the national median of $332,700. Owners pay a median $382 a year in property taxes, about 0.24% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $54,565 a year, so the median home costs 2.9 times the median income (4.1 times for Tennessee). 90% of occupied homes here are lived in by their owners, and 14% of those owners still have a mortgage.
Counce at a glance
| Counce | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $159,200 | $286,700 | $332,700 |
| Median property tax paid per year | $382 | $1,442 | $3,119 |
| Property tax as a share of value | 0.24% | 0.50% | 0.94% |
| Median household income | $54,565 | $69,595 | $80,734 |
| Homes lived in by their owners | 90% | 67% | 65% |
| Owner homes with a mortgage | 14% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,566 | $1,963 |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1983 | 1987 | 1980 |
| Vacant homes | 39.7% | 10.2% | 10.1% |
| Population | 276 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Counce
At this week's average 30-year rate of 7.11%, buying the median Counce home of $159,200 with 20% down costs about $955 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,220, 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 $40,926 for the 20%-down payment. That payment is 21% of the median Counce household income of $54,565; at that income and 20% down, the 28% guideline points to a home of about $212,000.
| Down payment | $31,840 |
|---|---|
| Loan amount | $127,360 |
| Principal and interest | $857 |
| Property taxes (0.24% a year) | $32 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $955 |
Change the numbers in the calculator
| Down payment | $5,572 |
|---|---|
| Loan amount | $156,316 |
| Principal and interest | $1,052 |
| Property taxes (0.24% a year) | $32 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,220 |
Change the numbers in the calculator
Questions about home buying in Counce
What is the median home value in Counce?
About $159,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Counce?
Homeowners pay a median $382 a year, which is about 0.24% 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 Counce?
For the median home with 20% down at 7.11%, the payment is about $955 a month. Keeping that under 28% of gross income takes about $40,926 a year.
More about Counce
- Mortgage Refinance in Counce
- Debt Relief in Counce
- Home Equity Loans in Counce
- 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