The typical owner-occupied home in Whitwell is worth about $140,500, 51% below the Tennessee median of $286,700 and 58% below the national median of $332,700. Owners pay a median $847 a year in property taxes, about 0.60% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $67,774 a year, so the median home costs 2.1 times the median income (4.1 times for Tennessee). 72% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Whitwell at a glance
| Whitwell | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $140,500 | $286,700 | $332,700 |
| Median property tax paid per year | $847 | $1,442 | $3,119 |
| Property tax as a share of value | 0.60% | 0.50% | 0.94% |
| Median household income | $67,774 | $69,595 | $80,734 |
| Homes lived in by their owners | 72% | 67% | 65% |
| Owner homes with a mortgage | 53% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,180 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 14.5% | 19.6% | 21.0% |
| Median rent | $872 | $1,189 | $1,413 |
| Rent as a share of renters' income | 23.0% | 29.5% | 30.6% |
| Median year homes were built | 1975 | 1987 | 1980 |
| Vacant homes | 20.4% | 10.2% | 10.1% |
| Population | 2,052 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Whitwell
At this week's average 30-year rate of 7.11%, buying the median Whitwell home of $140,500 with 20% down costs about $885 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,119, 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 $37,925 for the 20%-down payment. That payment is 16% of the median Whitwell household income of $67,774; at that income and 20% down, the 28% guideline points to a home of about $251,000.
The median rent here is $872 a month, so owning the median home costs about $13 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,100 |
|---|---|
| Loan amount | $112,400 |
| Principal and interest | $756 |
| Property taxes (0.60% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| PMI | $0 |
| Total per month | $885 |
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| Down payment | $4,918 |
|---|---|
| Loan amount | $137,955 |
| Principal and interest | $928 |
| Property taxes (0.60% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| FHA mortgage insurance | $62 |
| Total per month | $1,119 |
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Questions about home buying in Whitwell
What is the median home value in Whitwell?
About $140,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Whitwell?
Homeowners pay a median $847 a year, which is about 0.60% 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 Whitwell?
For the median home with 20% down at 7.11%, the payment is about $885 a month. Keeping that under 28% of gross income takes about $37,925 a year.
More about Whitwell
- Mortgage Refinance in Whitwell
- Debt Relief in Whitwell
- Home Equity Loans in Whitwell
- 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