Mortgage Rates in McEwen, Tennessee — March 2026
Updated March 2026 | Based on McEwen market data and regional lending conditions
McEwen is a smaller Tennessee community of 28,589 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.73% (0.08% above the national average). The median home price of $265,000 translates to roughly $1,505/month with 20% down — requiring an income of about $64,500, which exceeds the local median of $64,000.
Current Mortgage Rates in McEwen, TN
Below are the current average mortgage rates available in the McEwen 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 | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.98% | 6.85% | +0.13% |
McEwen Housing Market Overview
At $265,000, McEwen offers more affordable housing than most U.S. metros. The local cost of living index is 88.3 (100 = national average), and the median household income of $64,000 still requires careful budgeting at current rate levels.
Monthly Payment Breakdown for McEwen
Based on the median home price of $265,000 with 20% down ($53,000), here is what you can expect to pay monthly in McEwen:
15-Year vs. 30-Year Mortgage in McEwen
Choosing a 15-year mortgage in McEwen at 5.97% instead of a 30-year at 6.73% would save you $172,440 in total interest over the life of the loan. However, your monthly payment would be $1,786 instead of $1,372 — an increase of $414 per month.
Calculate Your McEwen 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 McEwen
What are the current mortgage rates in McEwen, TN?
As of March 2026, the average 30-year fixed mortgage rate in McEwen, Tennessee is 6.73%, while the 15-year fixed rate is 5.97%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in McEwen?
Based on the median home price of $265,000 with 20% down, the estimated monthly mortgage payment in McEwen is $1,372 for principal and interest. Including property taxes of $133/month, the total monthly housing cost is approximately $1,505.
What income do I need to buy a home in McEwen?
Using the 28% rule, you would need an annual income of approximately $64,500 to afford the median-priced home in McEwen at $265,000. The median household income in McEwen is $64,000. This means most households would need to either earn above the median or consider homes below $265,000.
Is McEwen a good place to buy a home in 2026?
McEwen offers a below-average cost of living with a cost of living index of 88.3 (national average = 100). The property tax rate in Tennessee is 0.6%, which is below the national average. McEwen has a population of 28,589 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 McEwen, Tennessee area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.