The typical owner-occupied home in Delano is worth about $163,500, 43% below the Tennessee median of $286,700 and 51% below the national median of $332,700. Owners pay a median $742 a year in property taxes, about 0.45% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $121,250 a year, so the median home costs 1.3 times the median income (4.1 times for Tennessee). 83% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Delano at a glance
| Delano | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $163,500 | $286,700 | $332,700 |
| Median property tax paid per year | $742 | $1,442 | $3,119 |
| Property tax as a share of value | 0.45% | 0.50% | 0.94% |
| Median household income | $121,250 | $69,595 | $80,734 |
| Homes lived in by their owners | 83% | 67% | 65% |
| Owner homes with a mortgage | 25% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,207 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 29.2% | 19.6% | 21.0% |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1975 | 1987 | 1980 |
| Vacant homes | 24.6% | 10.2% | 10.1% |
| Population | 838 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Delano
At this week's average 30-year rate of 7.11%, buying the median Delano home of $163,500 with 20% down costs about $1,009 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,282, 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 $43,257 for the 20%-down payment. That payment is 10% of the median Delano household income of $121,250; at that income and 20% down, the 28% guideline points to a home of about $458,000.
| Down payment | $32,700 |
|---|---|
| Loan amount | $130,800 |
| Principal and interest | $880 |
| Property taxes (0.45% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,009 |
Change the numbers in the calculator
| Down payment | $5,722 |
|---|---|
| Loan amount | $160,539 |
| Principal and interest | $1,080 |
| Property taxes (0.45% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,282 |
Change the numbers in the calculator
Questions about home buying in Delano
What is the median home value in Delano?
About $163,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Delano?
Homeowners pay a median $742 a year, which is about 0.45% 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 Delano?
For the median home with 20% down at 7.11%, the payment is about $1,009 a month. Keeping that under 28% of gross income takes about $43,257 a year.
More about Delano
- Mortgage Refinance in Delano
- Debt Relief in Delano
- Home Equity Loans in Delano
- 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