The typical owner-occupied home in Greenback is worth about $286,100, about the same as the Tennessee median of $286,700 and 14% below the national median of $332,700. Owners pay a median $802 a year in property taxes, about 0.28% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $72,961 a year, so the median home costs 3.9 times the median income (4.1 times for Tennessee). 81% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Greenback at a glance
| Greenback | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $286,100 | $286,700 | $332,700 |
| Median property tax paid per year | $802 | $1,442 | $3,119 |
| Property tax as a share of value | 0.28% | 0.50% | 0.94% |
| Median household income | $72,961 | $69,595 | $80,734 |
| Homes lived in by their owners | 81% | 67% | 65% |
| Owner homes with a mortgage | 53% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,601 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 19.6% | 21.0% |
| Median rent | $1,060 | $1,189 | $1,413 |
| Rent as a share of renters' income | 23.1% | 29.5% | 30.6% |
| Median year homes were built | 1980 | 1987 | 1980 |
| Vacant homes | 20.9% | 10.2% | 10.1% |
| Population | 1,378 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Greenback
At this week's average 30-year rate of 7.11%, buying the median Greenback home of $286,100 with 20% down costs about $1,726 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,202, 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 $73,957 for the 20%-down payment. That payment is 28% of the median Greenback household income of $72,961; at that income and 20% down, the 28% guideline points to a home of about $282,000.
The median rent here is $1,060 a month, so owning the median home costs about $666 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $57,220 |
|---|---|
| Loan amount | $228,880 |
| Principal and interest | $1,540 |
| Property taxes (0.28% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| PMI | $0 |
| Total per month | $1,726 |
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| Down payment | $10,014 |
|---|---|
| Loan amount | $280,918 |
| Principal and interest | $1,890 |
| Property taxes (0.28% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $119 |
| FHA mortgage insurance | $127 |
| Total per month | $2,202 |
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Questions about home buying in Greenback
What is the median home value in Greenback?
About $286,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Greenback?
Homeowners pay a median $802 a year, which is about 0.28% 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 Greenback?
For the median home with 20% down at 7.11%, the payment is about $1,726 a month. Keeping that under 28% of gross income takes about $73,957 a year.
More about Greenback
- Mortgage Refinance in Greenback
- Debt Relief in Greenback
- Home Equity Loans in Greenback
- 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