Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cookeville, Tennessee.
Pre-filled with Cookeville median home price and Tennessee tax/insurance rates. Adjust for your property.
Estimated closing costs based on Tennessee rates and fees applied to Cookeville prices.
The median home price in Cookeville is $285,000, 16% below the Tennessee state median of $340,000. With a population of 36,378, Cookeville is a smaller market where home prices tend to be more accessible than in many parts of Tennessee.
Property taxes in Tennessee average 0.56% annually. This low property tax rate is a significant advantage for Cookeville buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Tennessee runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Cookeville is $1,150/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Cookeville presents moderate affordability. The $285K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.