Montgomery County, Tennessee home prices
Typical home $318,644 · +0.4% in a year · property tax 0.61%
The typical home in Montgomery County is worth $318,644, 4% less than the Tennessee typical home ($330,844). Values changed +0.4% in the past year and +22.4% over five years. Homeowners here pay a median 0.61% of their home's value in property tax each year ($1,930 on the typical home), versus 0.46% statewide.
Mortgage on the typical Montgomery County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $63,729 | $254,915 | $1,715 | $0 | $320 | $2,035 | $87,200 |
| 10% down | $31,864 | $286,780 | $1,929 | $119 | $320 | $2,369 | $101,500 |
| 5% down | $15,932 | $302,712 | $2,036 | $126 | $320 | $2,483 | $106,400 |
| 3.5% down (FHA) | $11,153 | $312,873 | $2,105 | $141 | $320 | $2,566 | $110,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.61% 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 Clarksville metro area.
Tennessee counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Marshall County | $318,501 | +2.3% | 0.48% |
| Franklin County | $315,281 | +2.5% | 0.53% |
| Cannon County | $323,400 | +7.4% | 0.43% |
| Bradley County | $313,180 | +1.4% | 0.45% |
| Anderson County | $313,013 | +3.0% | 0.54% |
| Putnam County | $312,125 | +1.2% | 0.48% |
| Bedford County | $326,906 | +0.9% | 0.48% |
| Coffee County | $308,088 | +1.6% | 0.57% |
| Smith County | $307,229 | +4.7% | 0.47% |
| Cumberland County | $306,289 | +0.8% | 0.29% |
Frequently asked questions
What is the average home price in Montgomery County, TN?
The typical home value in Montgomery County is $318,644 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Montgomery County?
About $87,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Montgomery County?
The median effective rate is 0.61% of home value a year (Census ACS 2024 5-year estimates).