Chester County, Tennessee home prices
Typical home $164,234 · +0.8% in a year · property tax 0.52%
The typical home in Chester County is worth $164,234, 50% less than the Tennessee typical home ($330,844). Values changed +0.8% in the past year and +4.9% over five years. Homeowners here pay a median 0.52% of their home's value in property tax each year ($855 on the typical home), versus 0.46% statewide.
Mortgage on the typical Chester County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $32,847 | $131,387 | $884 | $0 | $153 | $1,037 | $44,500 |
| 10% down | $16,423 | $147,810 | $994 | $62 | $153 | $1,209 | $51,800 |
| 5% down | $8,212 | $156,022 | $1,050 | $65 | $153 | $1,268 | $54,300 |
| 3.5% down (FHA) | $5,748 | $161,259 | $1,085 | $73 | $153 | $1,311 | $56,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.52% 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.
What it takes: see what you can afford by salary in Tennessee · part of the Jackson metro area.
Tennessee counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Obion County | $166,805 | +7.4% | 0.52% |
| Hardeman County | $158,579 | +5.2% | 0.63% |
| Perry County | $170,720 | +2.2% | 0.53% |
| McNairy County | $172,914 | +5.6% | 0.38% |
| Haywood County | $175,513 | +4.1% | 0.62% |
| Dyer County | $175,680 | +3.5% | 0.63% |
| Hancock County | $176,431 | +9.4% | 0.45% |
| Carroll County | $177,700 | +2.5% | 0.58% |
| Gibson County | $178,894 | +2.1% | 0.66% |
| Decatur County | $180,599 | +7.3% | 0.46% |
Frequently asked questions
What is the average home price in Chester County, TN?
The typical home value in Chester County is $164,234 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Chester County?
About $44,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Chester County?
The median effective rate is 0.52% of home value a year (Census ACS 2024 5-year estimates).