The typical owner-occupied home in Rockvale is worth about $449,500, 57% above the Tennessee median of $286,700 and 35% above the national median of $332,700. Owners pay a median $1,571 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 $86,404 a year, so the median home costs 5.2 times the median income (4.1 times for Tennessee). 99% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Rockvale at a glance
| Rockvale | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $449,500 | $286,700 | $332,700 |
| Median property tax paid per year | $1,571 | $1,442 | $3,119 |
| Property tax as a share of value | 0.35% | 0.50% | 0.94% |
| Median household income | $86,404 | $69,595 | $80,734 |
| Homes lived in by their owners | 99% | 67% | 65% |
| Owner homes with a mortgage | 56% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,913 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 23.6% | 19.6% | 21.0% |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 2006 | 1987 | 1980 |
| Vacant homes | 1.6% | 10.2% | 10.1% |
| Population | 1,611 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Rockvale
At this week's average 30-year rate of 7.11%, buying the median Rockvale home of $449,500 with 20% down costs about $2,737 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,486, 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 $117,319 for the 20%-down payment. That payment is 38% of the median Rockvale household income of $86,404; at that income and 20% down, the 28% guideline points to a home of about $331,000.
| Down payment | $89,900 |
|---|---|
| Loan amount | $359,600 |
| Principal and interest | $2,419 |
| Property taxes (0.35% a year) | $131 |
| Homeowners insurance (our estimate, 0.5% a year) | $187 |
| PMI | $0 |
| Total per month | $2,737 |
Change the numbers in the calculator
| Down payment | $15,732 |
|---|---|
| Loan amount | $441,358 |
| Principal and interest | $2,969 |
| Property taxes (0.35% a year) | $131 |
| Homeowners insurance (our estimate, 0.5% a year) | $187 |
| FHA mortgage insurance | $199 |
| Total per month | $3,486 |
Change the numbers in the calculator
Questions about home buying in Rockvale
What is the median home value in Rockvale?
About $449,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rockvale?
Homeowners pay a median $1,571 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 Rockvale?
For the median home with 20% down at 7.11%, the payment is about $2,737 a month. Keeping that under 28% of gross income takes about $117,319 a year.
More about Rockvale
- Mortgage Refinance in Rockvale
- Debt Relief in Rockvale
- Home Equity Loans in Rockvale
- 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