The typical owner-occupied home in Lyles is worth about $219,100, 24% below the Tennessee median of $286,700 and 34% below the national median of $332,700. The median household earns $68,036 a year, so the median home costs 3.2 times the median income (4.1 times for Tennessee). 75% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Lyles at a glance
| Lyles | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $219,100 | $286,700 | $332,700 |
| Median property tax paid per year | – | $1,442 | $3,119 |
| Median household income | $68,036 | $69,595 | $80,734 |
| Homes lived in by their owners | 75% | 67% | 65% |
| Owner homes with a mortgage | 54% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,591 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 22.1% | 19.6% | 21.0% |
| Median rent | – | $1,189 | $1,413 |
| Rent as a share of renters' income | 26.8% | 29.5% | 30.6% |
| Median year homes were built | 1985 | 1987 | 1980 |
| Vacant homes | 0.0% | 10.2% | 10.1% |
| Population | 1,385 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Lyles
At this week's average 30-year rate of 7.11%, buying the median Lyles home of $219,100 with 20% down costs about $1,471 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,836, 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 $63,054 for the 20%-down payment. That payment is 26% of the median Lyles household income of $68,036; at that income and 20% down, the 28% guideline points to a home of about $236,000.
| Down payment | $43,820 |
|---|---|
| Loan amount | $175,280 |
| Principal and interest | $1,179 |
| Property taxes (1.10% a year) | $201 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| PMI | $0 |
| Total per month | $1,471 |
Change the numbers in the calculator
| Down payment | $7,668 |
|---|---|
| Loan amount | $215,132 |
| Principal and interest | $1,447 |
| Property taxes (1.10% a year) | $201 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| FHA mortgage insurance | $97 |
| Total per month | $1,836 |
Change the numbers in the calculator
Questions about home buying in Lyles
What is the median home value in Lyles?
About $219,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Lyles?
For the median home with 20% down at 7.11%, the payment is about $1,471 a month. Keeping that under 28% of gross income takes about $63,054 a year.
More about Lyles
- Mortgage Refinance in Lyles
- Debt Relief in Lyles
- Home Equity Loans in Lyles
- 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