True Mortgage Cost

Tennessee Mortgage Guide

Everything you need to know about getting a mortgage in Tennessee: property tax landscape, closing costs, and first time buyer programs.

At a glance

Tennessee by the numbers

Median home value
$290,000
Effective property tax rate
0.66%
Median annual property tax
$1,481
Avg. homeowners insurance
$2,100/yr
Transfer tax
0.370%
Attorney required at closing
No

Tools

Tennessee calculators