The typical owner-occupied home in Copperhill is worth about $99,000, 65% below the Tennessee median of $286,700 and 70% below the national median of $332,700. Owners pay a median $451 a year in property taxes, about 0.46% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $45,417 a year, so the median home costs 2.2 times the median income (4.1 times for Tennessee). 76% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Copperhill at a glance
| Copperhill | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $99,000 | $286,700 | $332,700 |
| Median property tax paid per year | $451 | $1,442 | $3,119 |
| Property tax as a share of value | 0.46% | 0.50% | 0.94% |
| Median household income | $45,417 | $69,595 | $80,734 |
| Homes lived in by their owners | 76% | 67% | 65% |
| Owner homes with a mortgage | 41% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,316 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 23.8% | 19.6% | 21.0% |
| Median rent | $863 | $1,189 | $1,413 |
| Rent as a share of renters' income | 33.9% | 29.5% | 30.6% |
| Median year homes were built | 1938 | 1987 | 1980 |
| Vacant homes | 27.4% | 10.2% | 10.1% |
| Population | 493 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Copperhill
At this week's average 30-year rate of 7.11%, buying the median Copperhill home of $99,000 with 20% down costs about $612 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $777, 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 $26,228 for the 20%-down payment. That payment is 16% of the median Copperhill household income of $45,417; at that income and 20% down, the 28% guideline points to a home of about $171,000.
The median rent here is $863 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,800 |
|---|---|
| Loan amount | $79,200 |
| Principal and interest | $533 |
| Property taxes (0.46% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $612 |
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| Down payment | $3,465 |
|---|---|
| Loan amount | $97,207 |
| Principal and interest | $654 |
| Property taxes (0.46% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $44 |
| Total per month | $777 |
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Questions about home buying in Copperhill
What is the median home value in Copperhill?
About $99,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Copperhill?
Homeowners pay a median $451 a year, which is about 0.46% 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 Copperhill?
For the median home with 20% down at 7.11%, the payment is about $612 a month. Keeping that under 28% of gross income takes about $26,228 a year.
More about Copperhill
- Mortgage Refinance in Copperhill
- Debt Relief in Copperhill
- Home Equity Loans in Copperhill
- 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