The typical owner-occupied home in Westpoint is worth about $130,000, 55% below the Tennessee median of $286,700 and 61% below the national median of $332,700. Owners pay a median $944 a year in property taxes, about 0.73% of their home's value, higher than the Tennessee rate of 0.50%. 45% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Westpoint at a glance
| Westpoint | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $130,000 | $286,700 | $332,700 |
| Median property tax paid per year | $944 | $1,442 | $3,119 |
| Property tax as a share of value | 0.73% | 0.50% | 0.94% |
| Median household income | – | $69,595 | $80,734 |
| Homes lived in by their owners | 45% | 67% | 65% |
| Owner homes with a mortgage | 56% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,566 | $1,963 |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1959 | 1987 | 1980 |
| Vacant homes | 18.4% | 10.2% | 10.1% |
| Population | 139 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Westpoint
At this week's average 30-year rate of 7.11%, buying the median Westpoint home of $130,000 with 20% down costs about $833 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,049, 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 $35,694 for the 20%-down payment.
| Down payment | $26,000 |
|---|---|
| Loan amount | $104,000 |
| Principal and interest | $700 |
| Property taxes (0.73% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| PMI | $0 |
| Total per month | $833 |
Change the numbers in the calculator
| Down payment | $4,550 |
|---|---|
| Loan amount | $127,645 |
| Principal and interest | $859 |
| Property taxes (0.73% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| FHA mortgage insurance | $58 |
| Total per month | $1,049 |
Change the numbers in the calculator
Questions about home buying in Westpoint
What is the median home value in Westpoint?
About $130,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Westpoint?
Homeowners pay a median $944 a year, which is about 0.73% 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 Westpoint?
For the median home with 20% down at 7.11%, the payment is about $833 a month. Keeping that under 28% of gross income takes about $35,694 a year.
More about Westpoint
- Mortgage Refinance in Westpoint
- Debt Relief in Westpoint
- Home Equity Loans in Westpoint
- 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