Mortgage Rates in Greeneville, Tennessee — March 2026
Updated March 2026 | Based on Greeneville market data and regional lending conditions
Greeneville is a growing city in Tennessee with a population of 15,530. The current 30-year fixed mortgage rate in Greeneville is 6.62%, which is 0.03% below the national average. With a median home price of $245,000 and a 20% down payment of $49,000, homebuyers can expect a monthly principal and interest payment of approximately $1,254.
Current Mortgage Rates in Greeneville, TN
Below are the current average mortgage rates available in the Greeneville area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Greeneville Housing Market Overview
The Greeneville housing market offers relatively affordable housing compared to many major cities. The median household income in Greeneville is $58,700, and the cost of living index is 83.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $59,443 to comfortably afford the median-priced home in Greeneville, which exceeds the current median household income.
Monthly Payment Breakdown for Greeneville
Based on the median home price of $245,000 with 20% down ($49,000), here is what you can expect to pay monthly in Greeneville:
15-Year vs. 30-Year Mortgage in Greeneville
Choosing a 15-year mortgage in Greeneville at 5.89% instead of a 30-year at 6.62% would save you $155,880 in total interest over the life of the loan. However, your monthly payment would be $1,642 instead of $1,254 — an increase of $388 per month.
Calculate Your Greeneville Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Greeneville
What are the current mortgage rates in Greeneville, TN?
As of March 2026, the average 30-year fixed mortgage rate in Greeneville, Tennessee is 6.62%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Greeneville?
Based on the median home price of $245,000 with 20% down, the estimated monthly mortgage payment in Greeneville is $1,254 for principal and interest. Including property taxes of $133/month, the total monthly housing cost is approximately $1,387.
What income do I need to buy a home in Greeneville?
Using the 28% rule, you would need an annual income of approximately $59,443 to afford the median-priced home in Greeneville at $245,000. The median household income in Greeneville is $58,700. This means most households would need to either earn above the median or consider homes below $245,000.
Is Greeneville a good place to buy a home in 2026?
Greeneville offers a below-average cost of living with a cost of living index of 83.8 (national average = 100). The property tax rate in Tennessee is 0.65%, which is below the national average. Greeneville has a population of 15,530 and offers a very affordable lifestyle.
Mortgage Rates in Other Tennessee Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Greeneville, Tennessee area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.