Polk County, Tennessee home prices
Typical home $252,394 · +6.7% in a year · property tax 0.5%
The typical home in Polk County is worth $252,394, 24% less than the Tennessee typical home ($330,844). Values changed +6.7% in the past year and +27.4% over five years. Homeowners here pay a median 0.5% of their home's value in property tax each year ($1,272 on the typical home), versus 0.46% statewide.
Mortgage on the typical Polk County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,479 | $201,915 | $1,358 | $0 | $232 | $1,590 | $68,200 |
| 10% down | $25,239 | $227,154 | $1,528 | $95 | $232 | $1,855 | $79,500 |
| 5% down | $12,620 | $239,774 | $1,613 | $100 | $232 | $1,945 | $83,400 |
| 3.5% down (FHA) | $8,834 | $247,822 | $1,667 | $112 | $232 | $2,011 | $86,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.5% 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 Cleveland metro area.
Tennessee counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Overton County | $251,818 | +3.9% | 0.39% |
| Giles County | $250,862 | +2.3% | 0.42% |
| Warren County | $254,138 | +2.1% | 0.42% |
| Marion County | $254,750 | +1.2% | 0.43% |
| Humphreys County | $249,121 | +5.7% | 0.48% |
| Pickett County | $249,112 | +4.6% | 0.41% |
| McMinn County | $256,264 | +3.7% | 0.35% |
| Stewart County | $247,613 | +1.6% | 0.46% |
| Lincoln County | $257,515 | +3.4% | 0.45% |
| Greene County | $247,189 | +2.2% | 0.43% |
Frequently asked questions
What is the average home price in Polk County, TN?
The typical home value in Polk County is $252,394 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Polk County?
About $68,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Polk County?
The median effective rate is 0.5% of home value a year (Census ACS 2024 5-year estimates).