The typical owner-occupied home in Bethel Springs is worth about $149,000, 48% below the Tennessee median of $286,700 and 55% below the national median of $332,700. Owners pay a median $519 a year in property taxes, about 0.35% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $34,500 a year, so the median home costs 4.3 times the median income (4.1 times for Tennessee). 79% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Bethel Springs at a glance
| Bethel Springs | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $149,000 | $286,700 | $332,700 |
| Median property tax paid per year | $519 | $1,442 | $3,119 |
| Property tax as a share of value | 0.35% | 0.50% | 0.94% |
| Median household income | $34,500 | $69,595 | $80,734 |
| Homes lived in by their owners | 79% | 67% | 65% |
| Owner homes with a mortgage | 25% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,338 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 23.2% | 19.6% | 21.0% |
| Median rent | $718 | $1,189 | $1,413 |
| Rent as a share of renters' income | 21.6% | 29.5% | 30.6% |
| Median year homes were built | 1975 | 1987 | 1980 |
| Vacant homes | 20.9% | 10.2% | 10.1% |
| Population | 664 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Bethel Springs
At this week's average 30-year rate of 7.11%, buying the median Bethel Springs home of $149,000 with 20% down costs about $907 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,156, 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 $38,889 for the 20%-down payment. That payment is 32% of the median Bethel Springs household income of $34,500; at that income and 20% down, the 28% guideline points to a home of about $132,000.
The median rent here is $718 a month, so owning the median home costs about $189 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,800 |
|---|---|
| Loan amount | $119,200 |
| Principal and interest | $802 |
| Property taxes (0.35% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $907 |
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| Down payment | $5,215 |
|---|---|
| Loan amount | $146,301 |
| Principal and interest | $984 |
| Property taxes (0.35% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,156 |
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Questions about home buying in Bethel Springs
What is the median home value in Bethel Springs?
About $149,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bethel Springs?
Homeowners pay a median $519 a year, which is about 0.35% 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 Bethel Springs?
For the median home with 20% down at 7.11%, the payment is about $907 a month. Keeping that under 28% of gross income takes about $38,889 a year.
More about Bethel Springs
- Mortgage Refinance in Bethel Springs
- Debt Relief in Bethel Springs
- Home Equity Loans in Bethel Springs
- 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