The typical owner-occupied home in Cedar Hill is worth about $182,100, 36% below the Tennessee median of $286,700 and 45% below the national median of $332,700. Owners pay a median $1,011 a year in property taxes, about 0.56% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $74,375 a year, so the median home costs 2.4 times the median income (4.1 times for Tennessee). 76% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Cedar Hill at a glance
| Cedar Hill | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $182,100 | $286,700 | $332,700 |
| Median property tax paid per year | $1,011 | $1,442 | $3,119 |
| Property tax as a share of value | 0.56% | 0.50% | 0.94% |
| Median household income | $74,375 | $69,595 | $80,734 |
| Homes lived in by their owners | 76% | 67% | 65% |
| Owner homes with a mortgage | 62% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,295 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 22.9% | 19.6% | 21.0% |
| Median rent | $1,650 | $1,189 | $1,413 |
| Rent as a share of renters' income | 23.3% | 29.5% | 30.6% |
| Median year homes were built | 1940 | 1987 | 1980 |
| Vacant homes | 4.3% | 10.2% | 10.1% |
| Population | 395 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Cedar Hill
At this week's average 30-year rate of 7.11%, buying the median Cedar Hill home of $182,100 with 20% down costs about $1,141 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,444, 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 $48,894 for the 20%-down payment. That payment is 18% of the median Cedar Hill household income of $74,375; at that income and 20% down, the 28% guideline points to a home of about $277,000.
The median rent here is $1,650 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $36,420 |
|---|---|
| Loan amount | $145,680 |
| Principal and interest | $980 |
| Property taxes (0.56% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $76 |
| PMI | $0 |
| Total per month | $1,141 |
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| Down payment | $6,374 |
|---|---|
| Loan amount | $178,802 |
| Principal and interest | $1,203 |
| Property taxes (0.56% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $76 |
| FHA mortgage insurance | $81 |
| Total per month | $1,444 |
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Questions about home buying in Cedar Hill
What is the median home value in Cedar Hill?
About $182,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cedar Hill?
Homeowners pay a median $1,011 a year, which is about 0.56% 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 Cedar Hill?
For the median home with 20% down at 7.11%, the payment is about $1,141 a month. Keeping that under 28% of gross income takes about $48,894 a year.
More about Cedar Hill
- Mortgage Refinance in Cedar Hill
- Debt Relief in Cedar Hill
- Home Equity Loans in Cedar Hill
- 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