The typical owner-occupied home in Cottontown is worth about $441,700, 54% above the Tennessee median of $286,700 and 33% above the national median of $332,700. 75% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Cottontown at a glance
| Cottontown | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $441,700 | $286,700 | $332,700 |
| Median property tax paid per year | – | $1,442 | $3,119 |
| Median household income | – | $69,595 | $80,734 |
| Homes lived in by their owners | 75% | 67% | 65% |
| Owner homes with a mortgage | 59% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 40.4% | 19.6% | 21.0% |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1980 | 1987 | 1980 |
| Vacant homes | 6.3% | 10.2% | 10.1% |
| Population | 374 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Cottontown
At this week's average 30-year rate of 7.11%, buying the median Cottontown home of $441,700 with 20% down costs about $2,966 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,702, 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 $127,115 for the 20%-down payment.
| Down payment | $88,340 |
|---|---|
| Loan amount | $353,360 |
| Principal and interest | $2,377 |
| Property taxes (1.10% a year) | $405 |
| Homeowners insurance (our estimate, 0.5% a year) | $184 |
| PMI | $0 |
| Total per month | $2,966 |
Change the numbers in the calculator
| Down payment | $15,460 |
|---|---|
| Loan amount | $433,700 |
| Principal and interest | $2,918 |
| Property taxes (1.10% a year) | $405 |
| Homeowners insurance (our estimate, 0.5% a year) | $184 |
| FHA mortgage insurance | $195 |
| Total per month | $3,702 |
Change the numbers in the calculator
Questions about home buying in Cottontown
What is the median home value in Cottontown?
About $441,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Cottontown?
For the median home with 20% down at 7.11%, the payment is about $2,966 a month. Keeping that under 28% of gross income takes about $127,115 a year.
More about Cottontown
- Mortgage Refinance in Cottontown
- Debt Relief in Cottontown
- Home Equity Loans in Cottontown
- 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