The typical owner-occupied home in Castalian Springs is worth about $283,100, about the same as the Tennessee median of $286,700 and 15% below the national median of $332,700. Owners pay a median $1,259 a year in property taxes, about 0.44% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $57,917 a year, so the median home costs 4.9 times the median income (4.1 times for Tennessee). 100% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Castalian Springs at a glance
| Castalian Springs | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $283,100 | $286,700 | $332,700 |
| Median property tax paid per year | $1,259 | $1,442 | $3,119 |
| Property tax as a share of value | 0.44% | 0.50% | 0.94% |
| Median household income | $57,917 | $69,595 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 53% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,198 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 19.6% | 21.0% |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1981 | 1987 | 1980 |
| Vacant homes | 7.9% | 10.2% | 10.1% |
| Population | 678 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Castalian Springs
At this week's average 30-year rate of 7.11%, buying the median Castalian Springs home of $283,100 with 20% down costs about $1,745 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,217, 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 $74,799 for the 20%-down payment. That payment is 36% of the median Castalian Springs household income of $57,917; at that income and 20% down, the 28% guideline points to a home of about $219,000.
| Down payment | $56,620 |
|---|---|
| Loan amount | $226,480 |
| Principal and interest | $1,524 |
| Property taxes (0.44% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| PMI | $0 |
| Total per month | $1,745 |
Change the numbers in the calculator
| Down payment | $9,908 |
|---|---|
| Loan amount | $277,972 |
| Principal and interest | $1,870 |
| Property taxes (0.44% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| FHA mortgage insurance | $125 |
| Total per month | $2,217 |
Change the numbers in the calculator
Questions about home buying in Castalian Springs
What is the median home value in Castalian Springs?
About $283,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Castalian Springs?
Homeowners pay a median $1,259 a year, which is about 0.44% 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 Castalian Springs?
For the median home with 20% down at 7.11%, the payment is about $1,745 a month. Keeping that under 28% of gross income takes about $74,799 a year.
More about Castalian Springs
- Mortgage Refinance in Castalian Springs
- Debt Relief in Castalian Springs
- Home Equity Loans in Castalian Springs
- 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