CALCMONEY // HOME AFFORDABILITY // TN // BRENTWOOD
How much house can you afford in Brentwood? Based on local median home prices, current TN mortgage rates, and Brentwood property tax data.
$1,100,000
$6,804/mo
$291,601/yr
$672,196
Monthly housing costs of $6,804 represent 41.9% of Brentwood's median gross monthly income ($16,250/mo). At 41.9%, median-income buyers in Brentwood are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $1,100,000 |
| Down Payment (20%) | $220,000 |
| Loan Amount | $880,000 |
| Monthly PI Payment | $5,796 |
| Monthly Property Tax | $550 |
| Monthly Insurance Est. | $458 |
| Total Monthly PITI | $6,804 |
| Housing Cost % of Income | 41.9% |
| Required Income (28% rule) | $291,601/yr |
| Max Affordable Home | $672,196 |
$38,500
$8,751/mo
Brentwood Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $1,100,000 | Brentwood city median |
| Down Payment (20%) | $220,000 | Conventional loan |
| Monthly PITI | $6,804 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $291,601 | Annual gross |
| Max Affordable Home | $672,196 | Based on median income |
| FHA Down (3.5%) | $38,500 | Minimum FHA |
| Housing Cost % of Income | 41.9% | Median income: $195,000/yr |
| Property Tax Rate | 0.6% | $6,600/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Brentwood is $1,100,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $880,000, generating a monthly P&I payment of $5,796. Adding property taxes ($550/mo) and homeowners insurance ($458/mo) brings total monthly PITI to $6,804.
Brentwood's property tax rate of 0.6% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Brentwood median home, that is $550/month, or $6,600 per year.
Tennessee has no state income tax, improving effective take-home pay for Brentwood residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Brentwood's median income of $195,000/year can afford up to $4,550/month in total housing costs. Based on Brentwood's mortgage rate of 6.9% and property tax rate of 0.6%, that translates to a maximum affordable home price of approximately $672,196 with 20% down on a 30-year loan.
To afford the median Brentwood home priced at $1,100,000, you need an annual gross income of approximately $291,601. Total monthly housing costs (principal and interest of $5,796, property taxes of $550, and insurance of $458) come to $6,804/month, which equals 28% of the required income.
At the median home price of $1,100,000 and median household income of $195,000, the total monthly housing cost of $6,804 represents 41.9% of gross monthly income. This is well above the standard 28% threshold, making Brentwood a challenging market for buyers at median income.
A conventional 20% down payment on the median Brentwood home of $1,100,000 is $220,000. An FHA loan requires just 3.5% down — $38,500 — but adds mortgage insurance of roughly $752/month, bringing total FHA payments to $8,751/month.
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