The typical owner-occupied home in Puryear is worth about $125,000, 56% below the Tennessee median of $286,700 and 62% below the national median of $332,700. Owners pay a median $552 a year in property taxes, about 0.44% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $59,500 a year, so the median home costs 2.1 times the median income (4.1 times for Tennessee). 84% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Puryear at a glance
| Puryear | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $125,000 | $286,700 | $332,700 |
| Median property tax paid per year | $552 | $1,442 | $3,119 |
| Property tax as a share of value | 0.44% | 0.50% | 0.94% |
| Median household income | $59,500 | $69,595 | $80,734 |
| Homes lived in by their owners | 84% | 67% | 65% |
| Owner homes with a mortgage | 48% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $900 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 19.6% | 21.0% |
| Median rent | $800 | $1,189 | $1,413 |
| Rent as a share of renters' income | 31.9% | 29.5% | 30.6% |
| Median year homes were built | 1972 | 1987 | 1980 |
| Vacant homes | 17.1% | 10.2% | 10.1% |
| Population | 736 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Puryear
At this week's average 30-year rate of 7.11%, buying the median Puryear home of $125,000 with 20% down costs about $771 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $979, 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 $33,027 for the 20%-down payment. That payment is 16% of the median Puryear household income of $59,500; at that income and 20% down, the 28% guideline points to a home of about $225,000.
The median rent here is $800 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $25,000 |
|---|---|
| Loan amount | $100,000 |
| Principal and interest | $673 |
| Property taxes (0.44% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $771 |
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| Down payment | $4,375 |
|---|---|
| Loan amount | $122,736 |
| Principal and interest | $826 |
| Property taxes (0.44% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $979 |
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Questions about home buying in Puryear
What is the median home value in Puryear?
About $125,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Puryear?
Homeowners pay a median $552 a year, which is about 0.44% 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 Puryear?
For the median home with 20% down at 7.11%, the payment is about $771 a month. Keeping that under 28% of gross income takes about $33,027 a year.
More about Puryear
- Mortgage Refinance in Puryear
- Debt Relief in Puryear
- Home Equity Loans in Puryear
- 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