The typical owner-occupied home in Clifton is worth about $122,100, 57% below the Tennessee median of $286,700 and 63% below the national median of $332,700. Owners pay a median $819 a year in property taxes, about 0.67% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $43,571 a year, so the median home costs 2.8 times the median income (4.1 times for Tennessee). 67% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Clifton at a glance
| Clifton | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $122,100 | $286,700 | $332,700 |
| Median property tax paid per year | $819 | $1,442 | $3,119 |
| Property tax as a share of value | 0.67% | 0.50% | 0.94% |
| Median household income | $43,571 | $69,595 | $80,734 |
| Homes lived in by their owners | 67% | 67% | 65% |
| Owner homes with a mortgage | 52% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,118 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 25.2% | 19.6% | 21.0% |
| Median rent | $681 | $1,189 | $1,413 |
| Rent as a share of renters' income | 25.4% | 29.5% | 30.6% |
| Median year homes were built | 1967 | 1987 | 1980 |
| Vacant homes | 19.5% | 10.2% | 10.1% |
| Population | 2,660 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Clifton
At this week's average 30-year rate of 7.11%, buying the median Clifton home of $122,100 with 20% down costs about $776 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $980, 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 $33,264 for the 20%-down payment. That payment is 21% of the median Clifton household income of $43,571; at that income and 20% down, the 28% guideline points to a home of about $160,000.
The median rent here is $681 a month, so owning the median home costs about $95 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,420 |
|---|---|
| Loan amount | $97,680 |
| Principal and interest | $657 |
| Property taxes (0.67% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $776 |
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| Down payment | $4,274 |
|---|---|
| Loan amount | $119,888 |
| Principal and interest | $806 |
| Property taxes (0.67% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $980 |
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Questions about home buying in Clifton
What is the median home value in Clifton?
About $122,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clifton?
Homeowners pay a median $819 a year, which is about 0.67% 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 Clifton?
For the median home with 20% down at 7.11%, the payment is about $776 a month. Keeping that under 28% of gross income takes about $33,264 a year.
More about Clifton
- Mortgage Refinance in Clifton
- Debt Relief in Clifton
- Home Equity Loans in Clifton
- 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