The typical owner-occupied home in Jefferson City is worth about $213,200, 26% below the Tennessee median of $286,700 and 36% below the national median of $332,700. Owners pay a median $1,045 a year in property taxes, about 0.49% of their home's value, close to the Tennessee rate of 0.50%. The median household earns $60,638 a year, so the median home costs 3.5 times the median income (4.1 times for Tennessee). 51% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Jefferson City at a glance
| Jefferson City | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $213,200 | $286,700 | $332,700 |
| Median property tax paid per year | $1,045 | $1,442 | $3,119 |
| Property tax as a share of value | 0.49% | 0.50% | 0.94% |
| Median household income | $60,638 | $69,595 | $80,734 |
| Homes lived in by their owners | 51% | 67% | 65% |
| Owner homes with a mortgage | 55% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,350 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 19.6% | 21.0% |
| Median rent | $851 | $1,189 | $1,413 |
| Rent as a share of renters' income | 26.0% | 29.5% | 30.6% |
| Median year homes were built | 1982 | 1987 | 1980 |
| Vacant homes | 6.7% | 10.2% | 10.1% |
| Population | 8,579 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Jefferson City
At this week's average 30-year rate of 7.11%, buying the median Jefferson City home of $213,200 with 20% down costs about $1,323 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,678, 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 $56,711 for the 20%-down payment. That payment is 26% of the median Jefferson City household income of $60,638; at that income and 20% down, the 28% guideline points to a home of about $228,000.
The median rent here is $851 a month, so owning the median home costs about $472 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $42,640 |
|---|---|
| Loan amount | $170,560 |
| Principal and interest | $1,147 |
| Property taxes (0.49% a year) | $87 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| PMI | $0 |
| Total per month | $1,323 |
Change the numbers in the calculator
| Down payment | $7,462 |
|---|---|
| Loan amount | $209,338 |
| Principal and interest | $1,408 |
| Property taxes (0.49% a year) | $87 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| FHA mortgage insurance | $94 |
| Total per month | $1,678 |
Change the numbers in the calculator
Questions about home buying in Jefferson City
What is the median home value in Jefferson City?
About $213,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Jefferson City?
Homeowners pay a median $1,045 a year, which is about 0.49% 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 Jefferson City?
For the median home with 20% down at 7.11%, the payment is about $1,323 a month. Keeping that under 28% of gross income takes about $56,711 a year.
More about Jefferson City
- Mortgage Refinance in Jefferson City
- Debt Relief in Jefferson City
- Home Equity Loans in Jefferson City
- 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