Mortgage Rates in Clifton, Tennessee — March 2026
Updated March 2026 | Based on Clifton market data and regional lending conditions
Clifton is a smaller Tennessee community of 26,647 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.85% (0.2% above the national average). The median home price of $320,000 translates to roughly $1,834/month with 20% down — requiring an income of about $78,600, which exceeds the local median of $60,000.
Current Mortgage Rates in Clifton, TN
Below are the current average mortgage rates available in the Clifton 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 | 6.85% | 6.65% | +0.2% |
| 15-Year Fixed | 6.07% | 5.89% | +0.18% |
| 5/1 ARM | 6.31% | 6.15% | +0.16% |
| FHA | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.1% | 6.85% | +0.25% |
Clifton Housing Market Overview
Housing in Clifton sits near the national average at $320,000. With a median household income of $60,000 and a cost of living index of 98.8, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Clifton
Based on the median home price of $320,000 with 20% down ($64,000), here is what you can expect to pay monthly in Clifton:
15-Year vs. 30-Year Mortgage in Clifton
Choosing a 15-year mortgage in Clifton at 6.07% instead of a 30-year at 6.85% would save you $213,120 in total interest over the life of the loan. However, your monthly payment would be $2,170 instead of $1,677 — an increase of $493 per month.
Calculate Your Clifton 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 Clifton
What are the current mortgage rates in Clifton, TN?
As of March 2026, the average 30-year fixed mortgage rate in Clifton, Tennessee is 6.85%, while the 15-year fixed rate is 6.07%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.2% above the national average of 6.65%.
How much is a monthly mortgage payment in Clifton?
Based on the median home price of $320,000 with 20% down, the estimated monthly mortgage payment in Clifton is $1,677 for principal and interest. Including property taxes of $157/month, the total monthly housing cost is approximately $1,834.
What income do I need to buy a home in Clifton?
Using the 28% rule, you would need an annual income of approximately $78,600 to afford the median-priced home in Clifton at $320,000. The median household income in Clifton is $60,000. This means most households would need to either earn above the median or consider homes below $320,000.
Is Clifton a good place to buy a home in 2026?
Clifton offers a below-average cost of living with a cost of living index of 98.8 (national average = 100). The property tax rate in Tennessee is 0.59%, which is below the national average. Clifton has a population of 26,647 and offers a balanced 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 Clifton, Tennessee area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.