Lawrence County, TN real estate

What the numbers say

Lawrence County, TN real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Lawrence County pay a median of $1,021 a year in property taxes on a median home value of $194,400, an effective rate of about 0.53%. The Tennessee average is 0.50%, which makes Lawrence County the #73 lowest-tax of 95 counties in the state with published tax data.

Renters pay a median of $763 a month, and $815 for a two-bedroom. At today's prices a typical home costs about 21 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $194,000 home here comes to about $1,226 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $53,000 a year (the median household here earns $54,706).