Fayette County, Tennessee home prices
Typical home $367,601 · -0.8% in a year · property tax 0.33%
The typical home in Fayette County is worth $367,601, 11% more than the Tennessee typical home ($330,844). Values changed -0.8% in the past year and +16.8% over five years. Homeowners here pay a median 0.33% of their home's value in property tax each year ($1,230 on the typical home), versus 0.46% statewide.
Mortgage on the typical Fayette County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $73,520 | $294,081 | $1,978 | $0 | $286 | $2,265 | $97,100 |
| 10% down | $36,760 | $330,841 | $2,226 | $138 | $286 | $2,650 | $113,600 |
| 5% down | $18,380 | $349,221 | $2,349 | $146 | $286 | $2,781 | $119,200 |
| 3.5% down (FHA) | $12,866 | $360,943 | $2,428 | $163 | $286 | $2,877 | $123,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.33% 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 Memphis metro area.
Tennessee counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Robertson County | $369,103 | +0.3% | 0.47% |
| Knox County | $376,337 | +1.2% | 0.43% |
| Dickson County | $357,734 | +1.8% | 0.47% |
| Trousdale County | $356,334 | +4.5% | 0.35% |
| Moore County | $355,337 | +7.2% | 0.45% |
| Hamilton County | $348,511 | -1.0% | 0.62% |
| Blount County | $393,019 | +2.8% | 0.45% |
| Cheatham County | $395,014 | +1.9% | 0.47% |
| Maury County | $400,294 | +1.1% | 0.45% |
| Jefferson County | $334,422 | +2.0% | 0.43% |
Frequently asked questions
What is the average home price in Fayette County, TN?
The typical home value in Fayette County is $367,601 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Fayette County?
About $97,100 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Fayette County?
The median effective rate is 0.33% of home value a year (Census ACS 2024 5-year estimates).