Mortgage Rates in Sevierville, Tennessee — March 2026
Updated March 2026 | Based on Sevierville market data and regional lending conditions
Sevierville is a growing city in Tennessee with a population of 18,243. The current 30-year fixed mortgage rate in Sevierville is 6.65%, which is at the national average. With a median home price of $355,000 and a 20% down payment of $71,000, homebuyers can expect a monthly principal and interest payment of approximately $1,823.
Current Mortgage Rates in Sevierville, TN
Below are the current average mortgage rates available in the Sevierville 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.15% | 6.15% | 0% |
| FHA | 6.25% | 6.25% | 0% |
| VA | 6.05% | 6.05% | 0% |
| Jumbo | 6.85% | 6.85% | 0% |
Sevierville Housing Market Overview
The Sevierville housing market reflects moderate demand with prices near the national average. The median household income in Sevierville is $38,000, and the cost of living index is 96 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $87,129 to comfortably afford the median-priced home in Sevierville, which exceeds the current median household income.
Monthly Payment Breakdown for Sevierville
Based on the median home price of $355,000 with 20% down ($71,000), here is what you can expect to pay monthly in Sevierville:
15-Year vs. 30-Year Mortgage in Sevierville
Choosing a 15-year mortgage in Sevierville at 5.89% instead of a 30-year at 6.65% would save you $227,880 in total interest over the life of the loan. However, your monthly payment would be $2,380 instead of $1,823 — an increase of $557 per month.
Calculate Your Sevierville 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 Sevierville
What are the current mortgage rates in Sevierville, TN?
As of March 2026, the average 30-year fixed mortgage rate in Sevierville, Tennessee is 6.65%, while the 15-year fixed rate is 5.89%. FHA loans average 6.25% and VA loans 6.05%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Sevierville?
Based on the median home price of $355,000 with 20% down, the estimated monthly mortgage payment in Sevierville is $1,823 for principal and interest. Including property taxes of $210/month, the total monthly housing cost is approximately $2,033.
What income do I need to buy a home in Sevierville?
Using the 28% rule, you would need an annual income of approximately $87,129 to afford the median-priced home in Sevierville at $355,000. The median household income in Sevierville is $38,000. This means most households would need to either earn above the median or consider homes below $355,000.
Is Sevierville a good place to buy a home in 2026?
Sevierville offers a below-average cost of living with a cost of living index of 96 (national average = 100). The property tax rate in Tennessee is 0.71%, which is below the national average. Sevierville has a population of 18,243 and offers a balanced lifestyle.
Mortgage Rates in Other Tennessee Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Sevierville, Tennessee area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.