Omaha Mortgage Calculator for Ellendale, Tennessee (38029)

Free omaha mortgage calculator for residents of Ellendale, 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
$56,744
per year in Ellendale
MEDIAN HOME VALUE
$231,290
in Ellendale, TN
HOUSING AFFORDABILITY: MODERATELY AFFORDABLE

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

Local Context for Ellendale, Tennessee

In Ellendale, Tennessee (Shelby County, ZIP area), the median household income is $56,744 per year and the median home value is $231,290. Use this free calculator for accurate, instant results tailored to your needs. No sign-up or account required.

About Ellendale, Tennessee (ZIP 38029)

City Ellendale, Tennessee
County Shelby County
ZIP Code 38029
State Tennessee
Time Zone Chicago
Median Household Income $56,744/year
Median Home Value $231,290

Housing & Cost of Living — Ellendale, Tennessee

Affordability Tier Moderately Expensive
Price-to-Income Ratio 4.1x
Est. Monthly Mortgage (20% down, 6.65%) $1,188/mo
Mortgage as % of Monthly Income 25.1%
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 78 (Significantly Below Average)

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

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