The typical owner-occupied home in Surgoinsville is worth about $189,100, 34% below the Tennessee median of $286,700 and 43% below the national median of $332,700. Owners pay a median $1,165 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 $53,854 a year, so the median home costs 3.5 times the median income (4.1 times for Tennessee). 86% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Surgoinsville at a glance
| Surgoinsville | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $189,100 | $286,700 | $332,700 |
| Median property tax paid per year | $1,165 | $1,442 | $3,119 |
| Property tax as a share of value | 0.62% | 0.50% | 0.94% |
| Median household income | $53,854 | $69,595 | $80,734 |
| Homes lived in by their owners | 86% | 67% | 65% |
| Owner homes with a mortgage | 38% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,313 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 19.6% | 21.0% |
| Median rent | $790 | $1,189 | $1,413 |
| Rent as a share of renters' income | 28.6% | 29.5% | 30.6% |
| Median year homes were built | 1982 | 1987 | 1980 |
| Vacant homes | 8.0% | 10.2% | 10.1% |
| Population | 1,911 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Surgoinsville
At this week's average 30-year rate of 7.11%, buying the median Surgoinsville home of $189,100 with 20% down costs about $1,194 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,509, 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 $51,178 for the 20%-down payment. That payment is 27% of the median Surgoinsville household income of $53,854; at that income and 20% down, the 28% guideline points to a home of about $199,000.
The median rent here is $790 a month, so owning the median home costs about $404 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $37,820 |
|---|---|
| Loan amount | $151,280 |
| Principal and interest | $1,018 |
| Property taxes (0.62% a year) | $98 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| PMI | $0 |
| Total per month | $1,194 |
Change the numbers in the calculator
| Down payment | $6,618 |
|---|---|
| Loan amount | $185,675 |
| Principal and interest | $1,249 |
| Property taxes (0.62% a year) | $98 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| FHA mortgage insurance | $84 |
| Total per month | $1,509 |
Change the numbers in the calculator
Questions about home buying in Surgoinsville
What is the median home value in Surgoinsville?
About $189,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Surgoinsville?
Homeowners pay a median $1,165 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 Surgoinsville?
For the median home with 20% down at 7.11%, the payment is about $1,194 a month. Keeping that under 28% of gross income takes about $51,178 a year.
More about Surgoinsville
- Mortgage Refinance in Surgoinsville
- Debt Relief in Surgoinsville
- Home Equity Loans in Surgoinsville
- 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