The typical owner-occupied home in Mountain City is worth about $216,300, 25% below the Tennessee median of $286,700 and 35% below the national median of $332,700. Owners pay a median $950 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 $38,818 a year, so the median home costs 5.6 times the median income (4.1 times for Tennessee). 57% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Mountain City at a glance
| Mountain City | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $216,300 | $286,700 | $332,700 |
| Median property tax paid per year | $950 | $1,442 | $3,119 |
| Property tax as a share of value | 0.44% | 0.50% | 0.94% |
| Median household income | $38,818 | $69,595 | $80,734 |
| Homes lived in by their owners | 57% | 67% | 65% |
| Owner homes with a mortgage | 42% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,003 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 22.1% | 19.6% | 21.0% |
| Median rent | $516 | $1,189 | $1,413 |
| Rent as a share of renters' income | 28.6% | 29.5% | 30.6% |
| Median year homes were built | 1980 | 1987 | 1980 |
| Vacant homes | 9.7% | 10.2% | 10.1% |
| Population | 2,542 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Mountain City
At this week's average 30-year rate of 7.11%, buying the median Mountain City home of $216,300 with 20% down costs about $1,333 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,694, 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 $57,150 for the 20%-down payment. That payment is 41% of the median Mountain City household income of $38,818; at that income and 20% down, the 28% guideline points to a home of about $147,000.
The median rent here is $516 a month, so owning the median home costs about $817 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,260 |
|---|---|
| Loan amount | $173,040 |
| Principal and interest | $1,164 |
| Property taxes (0.44% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,333 |
Change the numbers in the calculator
| Down payment | $7,570 |
|---|---|
| Loan amount | $212,382 |
| Principal and interest | $1,429 |
| Property taxes (0.44% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $96 |
| Total per month | $1,694 |
Change the numbers in the calculator
Questions about home buying in Mountain City
What is the median home value in Mountain City?
About $216,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mountain City?
Homeowners pay a median $950 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 Mountain City?
For the median home with 20% down at 7.11%, the payment is about $1,333 a month. Keeping that under 28% of gross income takes about $57,150 a year.
More about Mountain City
- Mortgage Refinance in Mountain City
- Debt Relief in Mountain City
- Home Equity Loans in Mountain 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