The typical owner-occupied home in Frankewing is worth about $225,000, 22% below the Tennessee median of $286,700 and 32% below the national median of $332,700. The median household earns $95,357 a year, so the median home costs 2.4 times the median income (4.1 times for Tennessee). 100% of occupied homes here are lived in by their owners, and 93% of those owners still have a mortgage.
Frankewing at a glance
| Frankewing | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $225,000 | $286,700 | $332,700 |
| Median property tax paid per year | – | $1,442 | $3,119 |
| Median household income | $95,357 | $69,595 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 93% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,566 | $1,963 |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 2012 | 1987 | 1980 |
| Vacant homes | 82.3% | 10.2% | 10.1% |
| Population | 19 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Frankewing
At this week's average 30-year rate of 7.11%, buying the median Frankewing home of $225,000 with 20% down costs about $1,511 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,886, 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 $64,752 for the 20%-down payment. That payment is 19% of the median Frankewing household income of $95,357; at that income and 20% down, the 28% guideline points to a home of about $331,000.
| Down payment | $45,000 |
|---|---|
| Loan amount | $180,000 |
| Principal and interest | $1,211 |
| Property taxes (1.10% a year) | $206 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| PMI | $0 |
| Total per month | $1,511 |
Change the numbers in the calculator
| Down payment | $7,875 |
|---|---|
| Loan amount | $220,925 |
| Principal and interest | $1,486 |
| Property taxes (1.10% a year) | $206 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| FHA mortgage insurance | $100 |
| Total per month | $1,886 |
Change the numbers in the calculator
Questions about home buying in Frankewing
What is the median home value in Frankewing?
About $225,000 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 Frankewing?
For the median home with 20% down at 7.11%, the payment is about $1,511 a month. Keeping that under 28% of gross income takes about $64,752 a year.
More about Frankewing
- Mortgage Refinance in Frankewing
- Debt Relief in Frankewing
- Home Equity Loans in Frankewing
- 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