Mortgage Rates in Soddy-Daisy, Tennessee — March 2026
Updated March 2026 | Based on Soddy-Daisy market data and regional lending conditions
Soddy-Daisy is a growing city in Tennessee with a population of 13,568. The current 30-year fixed mortgage rate in Soddy-Daisy is 6.74%, which is 0.09% above the national average. With a median home price of $244,000 and a 20% down payment of $48,800, homebuyers can expect a monthly principal and interest payment of approximately $1,265.
Current Mortgage Rates in Soddy-Daisy, TN
Below are the current average mortgage rates available in the Soddy-Daisy 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Soddy-Daisy Housing Market Overview
The Soddy-Daisy housing market offers relatively affordable housing compared to many major cities. The median household income in Soddy-Daisy is $47,500, and the cost of living index is 88.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $59,700 to comfortably afford the median-priced home in Soddy-Daisy, which exceeds the current median household income.
Monthly Payment Breakdown for Soddy-Daisy
Based on the median home price of $244,000 with 20% down ($48,800), here is what you can expect to pay monthly in Soddy-Daisy:
15-Year vs. 30-Year Mortgage in Soddy-Daisy
Choosing a 15-year mortgage in Soddy-Daisy at 5.98% instead of a 30-year at 6.74% would save you $159,300 in total interest over the life of the loan. However, your monthly payment would be $1,645 instead of $1,265 — an increase of $380 per month.
Calculate Your Soddy-Daisy 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 Soddy-Daisy
What are the current mortgage rates in Soddy-Daisy, TN?
As of March 2026, the average 30-year fixed mortgage rate in Soddy-Daisy, Tennessee is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Soddy-Daisy?
Based on the median home price of $244,000 with 20% down, the estimated monthly mortgage payment in Soddy-Daisy is $1,265 for principal and interest. Including property taxes of $128/month, the total monthly housing cost is approximately $1,393.
What income do I need to buy a home in Soddy-Daisy?
Using the 28% rule, you would need an annual income of approximately $59,700 to afford the median-priced home in Soddy-Daisy at $244,000. The median household income in Soddy-Daisy is $47,500. This means most households would need to either earn above the median or consider homes below $244,000.
Is Soddy-Daisy a good place to buy a home in 2026?
Soddy-Daisy offers a below-average cost of living with a cost of living index of 88.9 (national average = 100). The property tax rate in Tennessee is 0.63%, which is below the national average. Soddy-Daisy has a population of 13,568 and offers a very affordable 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 Soddy-Daisy, Tennessee area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.