How much house can I afford on $50,000 in Tennessee?
About $186,000 with 20% down ($147,000 with an FHA loan), using Tennessee's 0.46% property tax rate.
That is $144,540 less than the typical Tennessee home ($330,844), so on $50,000 you'd look at cheaper areas or a smaller home. The payment of $1,167 covers $1,003 principal and interest, $71 property tax and $93 insurance.
Counties in Tennessee you can afford on $50,000
15 of 95 counties have a typical home value at or below $186,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Hickman County | $186,108 | +2.8% | 0.46% |
| Wayne County | $180,980 | +6.3% | 0.49% |
| Decatur County | $180,599 | +7.3% | 0.46% |
| Gibson County | $178,894 | +2.1% | 0.66% |
| Carroll County | $177,700 | +2.5% | 0.58% |
| Hancock County | $176,431 | +9.4% | 0.45% |
| Dyer County | $175,680 | +3.5% | 0.63% |
| Haywood County | $175,513 | +4.1% | 0.62% |
| McNairy County | $172,914 | +5.6% | 0.38% |
| Perry County | $170,720 | +2.2% | 0.53% |
| Obion County | $166,805 | +7.4% | 0.52% |
| Chester County | $164,234 | +0.8% | 0.52% |
| Hardeman County | $158,579 | +5.2% | 0.63% |
| Lauderdale County | $139,096 | +14.7% | 0.59% |
| Lake County | $112,258 | +0.0% | 0.67% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 0.46% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Tennessee
Frequently asked questions
How much house can I afford on $50,000 in Tennessee?
About $186,000 with 20% down at 7.11%, keeping the payment (with Tennessee's 0.46% property tax and insurance) under $1,167 a month.
Is $50,000 enough to buy a house in Tennessee?
Not the typical home: the typical Tennessee home is worth $330,844 (Zillow, September 2026) and $50,000 supports about $186,000. 15 of 95 counties are within budget.