The typical owner-occupied home in Big Rock is worth about $234,100, 18% below the Tennessee median of $286,700 and 30% below the national median of $332,700. Owners pay a median $625 a year in property taxes, about 0.27% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $77,344 a year, so the median home costs 3.0 times the median income (4.1 times for Tennessee). 90% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Big Rock at a glance
| Big Rock | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $234,100 | $286,700 | $332,700 |
| Median property tax paid per year | $625 | $1,442 | $3,119 |
| Property tax as a share of value | 0.27% | 0.50% | 0.94% |
| Median household income | $77,344 | $69,595 | $80,734 |
| Homes lived in by their owners | 90% | 67% | 65% |
| Owner homes with a mortgage | 36% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,566 | $1,963 |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1985 | 1987 | 1980 |
| Vacant homes | 0.0% | 10.2% | 10.1% |
| Population | 163 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Big Rock
At this week's average 30-year rate of 7.11%, buying the median Big Rock home of $234,100 with 20% down costs about $1,410 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,800, 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 $60,431 for the 20%-down payment. That payment is 22% of the median Big Rock household income of $77,344; at that income and 20% down, the 28% guideline points to a home of about $300,000.
| Down payment | $46,820 |
|---|---|
| Loan amount | $187,280 |
| Principal and interest | $1,260 |
| Property taxes (0.27% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $98 |
| PMI | $0 |
| Total per month | $1,410 |
Change the numbers in the calculator
| Down payment | $8,194 |
|---|---|
| Loan amount | $229,860 |
| Principal and interest | $1,546 |
| Property taxes (0.27% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $98 |
| FHA mortgage insurance | $104 |
| Total per month | $1,800 |
Change the numbers in the calculator
Questions about home buying in Big Rock
What is the median home value in Big Rock?
About $234,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Big Rock?
Homeowners pay a median $625 a year, which is about 0.27% 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 Big Rock?
For the median home with 20% down at 7.11%, the payment is about $1,410 a month. Keeping that under 28% of gross income takes about $60,431 a year.
More about Big Rock
- Mortgage Refinance in Big Rock
- Debt Relief in Big Rock
- Home Equity Loans in Big Rock
- 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