Hancock County, Tennessee home prices
Typical home $176,431 · +9.4% in a year · property tax 0.45%
The typical home in Hancock County is worth $176,431, 47% less than the Tennessee typical home ($330,844). Values changed +9.4% in the past year and +28.0% over five years. Homeowners here pay a median 0.45% of their home's value in property tax each year ($786 on the typical home), versus 0.46% statewide.
Mortgage on the typical Hancock County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,286 | $141,145 | $949 | $0 | $154 | $1,103 | $47,300 |
| 10% down | $17,643 | $158,788 | $1,068 | $66 | $154 | $1,288 | $55,200 |
| 5% down | $8,822 | $167,610 | $1,128 | $70 | $154 | $1,351 | $57,900 |
| 3.5% down (FHA) | $6,175 | $173,236 | $1,165 | $78 | $154 | $1,397 | $59,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.45% 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.
Tennessee counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Dyer County | $175,680 | +3.5% | 0.63% |
| Haywood County | $175,513 | +4.1% | 0.62% |
| Carroll County | $177,700 | +2.5% | 0.58% |
| Gibson County | $178,894 | +2.1% | 0.66% |
| McNairy County | $172,914 | +5.6% | 0.38% |
| Decatur County | $180,599 | +7.3% | 0.46% |
| Wayne County | $180,980 | +6.3% | 0.49% |
| Perry County | $170,720 | +2.2% | 0.53% |
| Obion County | $166,805 | +7.4% | 0.52% |
| Hickman County | $186,108 | +2.8% | 0.46% |
Frequently asked questions
What is the average home price in Hancock County, TN?
The typical home value in Hancock County is $176,431 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Hancock County?
About $47,300 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Hancock County?
The median effective rate is 0.45% of home value a year (Census ACS 2024 5-year estimates).