Omaha Mortgage Calculator for Drummonds, Tennessee (38023)

Free omaha mortgage calculator for residents of Drummonds, Tennessee. Calculate your monthly mortgage payment in Omaha, NE. Includes Nebraska property tax and insurance rates so you know your true housing cost.

MEDIAN HOUSEHOLD INCOME
$55,654
per year in Drummonds
MEDIAN HOME VALUE
$272,311
in Drummonds, TN
HOUSING AFFORDABILITY: MODERATELY AFFORDABLE

Home prices require a significant portion of household income in this area.

Local Context for Drummonds, Tennessee

In Drummonds, Tennessee (Tipton County, ZIP area), the median household income is $55,654 per year and the median home value is $272,311. Use this free calculator for accurate, instant results tailored to your needs. No sign-up or account required.

About Drummonds, Tennessee (ZIP 38023)

City Drummonds, Tennessee
County Tipton County
ZIP Code 38023
State Tennessee
Time Zone Chicago
Median Household Income $55,654/year
Median Home Value $272,311

Housing & Cost of Living — Drummonds, Tennessee

Affordability Tier Moderately Expensive
Price-to-Income Ratio 4.0x
Est. Monthly Mortgage (20% down, 6.65%) $1,157/mo
Mortgage as % of Monthly Income 24.9%
Income vs. National Median near the national median
Income Tier Lower-Middle Income
Home Value vs. National Median near the national median
Housing Market Tier Affordable Market
Cost of Living Index 76 (Significantly Below Average)

With a price-to-income ratio of 4.0x — above the national average of 4.1x — buyers in this area need to stretch further relative to their income.

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