Mortgage Rates in New Tazewell, Tennessee — March 2026
Updated March 2026 | Based on New Tazewell market data and regional lending conditions
New Tazewell is a smaller Tennessee community of 26,064 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.86% (0.21% above the national average). The median home price of $330,000 translates to roughly $1,936/month with 20% down — requiring an income of about $82,971, which exceeds the local median of $55,500.
Current Mortgage Rates in New Tazewell, TN
Below are the current average mortgage rates available in the New Tazewell 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 | 6.86% | 6.65% | +0.21% |
| 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 | 7.11% | 6.85% | +0.26% |
New Tazewell Housing Market Overview
Housing in New Tazewell sits near the national average at $330,000. With a median household income of $55,500 and a cost of living index of 89, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for New Tazewell
Based on the median home price of $330,000 with 20% down ($66,000), here is what you can expect to pay monthly in New Tazewell:
15-Year vs. 30-Year Mortgage in New Tazewell
Choosing a 15-year mortgage in New Tazewell at 6.07% instead of a 30-year at 6.86% would save you $220,680 in total interest over the life of the loan. However, your monthly payment would be $2,238 instead of $1,732 — an increase of $506 per month.
Calculate Your New Tazewell 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 New Tazewell
What are the current mortgage rates in New Tazewell, TN?
As of March 2026, the average 30-year fixed mortgage rate in New Tazewell, Tennessee is 6.86%, while the 15-year fixed rate is 6.07%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.21% above the national average of 6.65%.
How much is a monthly mortgage payment in New Tazewell?
Based on the median home price of $330,000 with 20% down, the estimated monthly mortgage payment in New Tazewell is $1,732 for principal and interest. Including property taxes of $204/month, the total monthly housing cost is approximately $1,936.
What income do I need to buy a home in New Tazewell?
Using the 28% rule, you would need an annual income of approximately $82,971 to afford the median-priced home in New Tazewell at $330,000. The median household income in New Tazewell is $55,500. This means most households would need to either earn above the median or consider homes below $330,000.
Is New Tazewell a good place to buy a home in 2026?
New Tazewell offers a below-average cost of living with a cost of living index of 89 (national average = 100). The property tax rate in Tennessee is 0.74%, which is below the national average. New Tazewell has a population of 26,064 and offers a very affordable lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the New Tazewell, Tennessee area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.