The typical owner-occupied home in Niota is worth about $156,300, 45% below the Tennessee median of $286,700 and 53% below the national median of $332,700. Owners pay a median $646 a year in property taxes, about 0.41% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $61,528 a year, so the median home costs 2.5 times the median income (4.1 times for Tennessee). 74% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Niota at a glance
| Niota | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $156,300 | $286,700 | $332,700 |
| Median property tax paid per year | $646 | $1,442 | $3,119 |
| Property tax as a share of value | 0.41% | 0.50% | 0.94% |
| Median household income | $61,528 | $69,595 | $80,734 |
| Homes lived in by their owners | 74% | 67% | 65% |
| Owner homes with a mortgage | 50% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,094 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 19.6% | 21.0% |
| Median rent | $1,007 | $1,189 | $1,413 |
| Rent as a share of renters' income | 29.2% | 29.5% | 30.6% |
| Median year homes were built | 1960 | 1987 | 1980 |
| Vacant homes | 10.5% | 10.2% | 10.1% |
| Population | 735 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Niota
At this week's average 30-year rate of 7.11%, buying the median Niota home of $156,300 with 20% down costs about $960 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,220, 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 $41,129 for the 20%-down payment. That payment is 19% of the median Niota household income of $61,528; at that income and 20% down, the 28% guideline points to a home of about $234,000.
The median rent here is $1,007 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $31,260 |
|---|---|
| Loan amount | $125,040 |
| Principal and interest | $841 |
| Property taxes (0.41% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $960 |
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| Down payment | $5,470 |
|---|---|
| Loan amount | $153,469 |
| Principal and interest | $1,032 |
| Property taxes (0.41% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,220 |
Change the numbers in the calculator
Questions about home buying in Niota
What is the median home value in Niota?
About $156,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Niota?
Homeowners pay a median $646 a year, which is about 0.41% 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 Niota?
For the median home with 20% down at 7.11%, the payment is about $960 a month. Keeping that under 28% of gross income takes about $41,129 a year.
More about Niota
- Mortgage Refinance in Niota
- Debt Relief in Niota
- Home Equity Loans in Niota
- 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