Wayne County, Tennessee home prices
Typical home $180,980 · +6.3% in a year · property tax 0.49%
The typical home in Wayne County is worth $180,980, 45% less than the Tennessee typical home ($330,844). Values changed +6.3% in the past year and +32.2% over five years. Homeowners here pay a median 0.49% of their home's value in property tax each year ($879 on the typical home), versus 0.46% statewide.
Mortgage on the typical Wayne County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $36,196 | $144,784 | $974 | $0 | $164 | $1,138 | $48,800 |
| 10% down | $18,098 | $162,882 | $1,096 | $68 | $164 | $1,327 | $56,900 |
| 5% down | $9,049 | $171,931 | $1,157 | $72 | $164 | $1,392 | $59,700 |
| 3.5% down (FHA) | $6,334 | $177,702 | $1,195 | $80 | $164 | $1,439 | $61,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.49% 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 |
|---|---|---|---|
| Decatur County | $180,599 | +7.3% | 0.46% |
| Gibson County | $178,894 | +2.1% | 0.66% |
| Carroll County | $177,700 | +2.5% | 0.58% |
| Hancock County | $176,431 | +9.4% | 0.45% |
| Hickman County | $186,108 | +2.8% | 0.46% |
| Dyer County | $175,680 | +3.5% | 0.63% |
| Haywood County | $175,513 | +4.1% | 0.62% |
| McNairy County | $172,914 | +5.6% | 0.38% |
| Weakley County | $189,627 | +6.5% | 0.48% |
| Benton County | $189,722 | +7.2% | 0.48% |
Frequently asked questions
What is the average home price in Wayne County, TN?
The typical home value in Wayne County is $180,980 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Wayne County?
About $48,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Wayne County?
The median effective rate is 0.49% of home value a year (Census ACS 2024 5-year estimates).