Mortgage payment estimates, closing cost breakdowns, and homebuying data for Sevierville, Tennessee.
Median Home Price
$365K
Population
18K
Avg Monthly Rent
$1,450
Property Tax Rate
0.56% *
* Property tax shown is the Tennessee state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Sevierville.
Sevierville vs Tennessee Median
The median home price in Sevierville is $365,000, which is 7% above the Tennessee state median of $340,000.
Mortgage Calculator — Sevierville, TN
Pre-filled with Sevierville median home price and Tennessee tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $365K home using Tennessee's 0.56% tax rate and $2,400/yr insurance.
5% Down
$2,764/mo
Down: $18,250
Loan: $347K
P&I: $2,192
Tax: $170
Insurance: $200
PMI: $202
10% Down
$2,638/mo
Down: $36,500
Loan: $329K
P&I: $2,076
Tax: $170
Insurance: $200
PMI: $192
20% Down (No PMI)
$2,216/mo
Down: $73,000
Loan: $292K
P&I: $1,846
Tax: $170
Insurance: $200
Income needed (28% rule): $95K/year with 20% down, $113K/year with 10% down.
Rent vs Buy in Sevierville
Rent
$1,450/mo
vs
Buy (10% down)
$2,638/mo
Price-to-rent ratio: 21.0 — At a ratio above 20, renting may be more economical in Sevierville for shorter stays. Buying costs $1,188 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Sevierville is $365,000, 7% above the Tennessee state median of $340,000. With a population of 18,467, Sevierville is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Tennessee average 0.56% annually. This low property tax rate is a significant advantage for Sevierville 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 Sevierville is $1,450/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.
Sevierville presents moderate affordability. The $365K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Sevierville.