The typical owner-occupied home in Telford is worth about $228,600, 20% below the Tennessee median of $286,700 and 31% below the national median of $332,700. Owners pay a median $736 a year in property taxes, about 0.32% of their home's value, lower than the Tennessee rate of 0.50%. The median household earns $69,200 a year, so the median home costs 3.3 times the median income (4.1 times for Tennessee). 82% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Telford at a glance
| Telford | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $228,600 | $286,700 | $332,700 |
| Median property tax paid per year | $736 | $1,442 | $3,119 |
| Property tax as a share of value | 0.32% | 0.50% | 0.94% |
| Median household income | $69,200 | $69,595 | $80,734 |
| Homes lived in by their owners | 82% | 67% | 65% |
| Owner homes with a mortgage | 47% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,599 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 25.7% | 19.6% | 21.0% |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1989 | 1987 | 1980 |
| Vacant homes | 14.2% | 10.2% | 10.1% |
| Population | 731 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Telford
At this week's average 30-year rate of 7.11%, buying the median Telford home of $228,600 with 20% down costs about $1,386 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,767, 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 $59,420 for the 20%-down payment. That payment is 24% of the median Telford household income of $69,200; at that income and 20% down, the 28% guideline points to a home of about $266,000.
| Down payment | $45,720 |
|---|---|
| Loan amount | $182,880 |
| Principal and interest | $1,230 |
| Property taxes (0.32% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,386 |
Change the numbers in the calculator
| Down payment | $8,001 |
|---|---|
| Loan amount | $224,459 |
| Principal and interest | $1,510 |
| Property taxes (0.32% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $101 |
| Total per month | $1,767 |
Change the numbers in the calculator
Questions about home buying in Telford
What is the median home value in Telford?
About $228,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Telford?
Homeowners pay a median $736 a year, which is about 0.32% 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 Telford?
For the median home with 20% down at 7.11%, the payment is about $1,386 a month. Keeping that under 28% of gross income takes about $59,420 a year.
More about Telford
- Mortgage Refinance in Telford
- Debt Relief in Telford
- Home Equity Loans in Telford
- 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