McMinnville, TN home prices
Typical home $254,127 · +2.1% in a year · income needed $67,800
The McMinnville, TN metro area ranks 440 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.1% in a year and +27.1% over five years. With 20% down at 7.11%, the typical home costs about $1,583 a month including 0.42% property tax (Warren County rate).
Mortgage on the typical McMinnville home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,825 | $203,301 | $1,368 | $0 | $215 | $1,583 | $67,800 |
| 10% down | $25,413 | $228,714 | $1,539 | $95 | $215 | $1,849 | $79,300 |
| 5% down | $12,706 | $241,420 | $1,624 | $101 | $215 | $1,940 | $83,100 |
| 3.5% down (FHA) | $8,894 | $249,524 | $1,679 | $112 | $215 | $2,006 | $86,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.42% 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.
Counties in the McMinnville area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Warren County, TN | $254,138 | +2.1% | 0.42% |
What can you afford in Tennessee on your salary? · Tennessee home prices · Salaries in Tennessee
Frequently asked questions
How much is a house in McMinnville?
The typical home in the McMinnville, TN metro area is worth $254,127 (Zillow, September 2026).
What salary do you need to buy a house in McMinnville?
About $67,800 a year for the typical home with 20% down at 7.11%.