Monroe County, Tennessee home prices
Typical home $286,339 · +5.2% in a year · property tax 0.41%
The typical home in Monroe County is worth $286,339, 13% less than the Tennessee typical home ($330,844). Values changed +5.2% in the past year and +29.7% over five years. Homeowners here pay a median 0.41% of their home's value in property tax each year ($1,176 on the typical home), versus 0.46% statewide.
Mortgage on the typical Monroe County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $57,268 | $229,071 | $1,541 | $0 | $241 | $1,782 | $76,400 |
| 10% down | $28,634 | $257,705 | $1,734 | $107 | $241 | $2,082 | $89,200 |
| 5% down | $14,317 | $272,022 | $1,830 | $113 | $241 | $2,184 | $93,600 |
| 3.5% down (FHA) | $10,022 | $281,153 | $1,891 | $127 | $241 | $2,259 | $96,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.41% 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 |
|---|---|---|---|
| Sequatchie County | $281,765 | +2.9% | 0.45% |
| Grainger County | $280,819 | +5.9% | 0.48% |
| Union County | $291,876 | +2.4% | 0.37% |
| White County | $276,288 | +6.0% | 0.4% |
| Roane County | $296,784 | +4.5% | 0.53% |
| Dekalb County | $298,340 | +2.1% | 0.35% |
| Meigs County | $299,889 | +6.0% | 0.39% |
| Hamblen County | $269,584 | +2.9% | 0.41% |
| Tipton County | $268,759 | +1.1% | 0.5% |
| Washington County | $305,353 | +1.9% | 0.52% |
Frequently asked questions
What is the average home price in Monroe County, TN?
The typical home value in Monroe County is $286,339 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Monroe County?
About $76,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Monroe County?
The median effective rate is 0.41% of home value a year (Census ACS 2024 5-year estimates).