Mortgage Rates in Pikevillle, Tennessee — March 2026
Updated March 2026 | Based on Pikevillle market data and regional lending conditions
Pikevillle is a smaller Tennessee community of 33,381 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.65% (at the national average). The median home price of $315,000 translates to roughly $1,831/month with 20% down — requiring an income of about $78,471, which exceeds the local median of $61,000.
Current Mortgage Rates in Pikevillle, TN
Below are the current average mortgage rates available in the Pikevillle 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 | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Pikevillle Housing Market Overview
Housing in Pikevillle sits near the national average at $315,000. With a median household income of $61,000 and a cost of living index of 102.2, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Pikevillle
Based on the median home price of $315,000 with 20% down ($63,000), here is what you can expect to pay monthly in Pikevillle:
15-Year vs. 30-Year Mortgage in Pikevillle
Choosing a 15-year mortgage in Pikevillle at 5.91% instead of a 30-year at 6.65% would save you $201,960 in total interest over the life of the loan. However, your monthly payment would be $2,114 instead of $1,618 — an increase of $496 per month.
Calculate Your Pikevillle 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 Pikevillle
What are the current mortgage rates in Pikevillle, TN?
As of March 2026, the average 30-year fixed mortgage rate in Pikevillle, Tennessee is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Pikevillle?
Based on the median home price of $315,000 with 20% down, the estimated monthly mortgage payment in Pikevillle is $1,618 for principal and interest. Including property taxes of $213/month, the total monthly housing cost is approximately $1,831.
What income do I need to buy a home in Pikevillle?
Using the 28% rule, you would need an annual income of approximately $78,471 to afford the median-priced home in Pikevillle at $315,000. The median household income in Pikevillle is $61,000. This means most households would need to either earn above the median or consider homes below $315,000.
Is Pikevillle a good place to buy a home in 2026?
Pikevillle has a moderate cost of living with a cost of living index of 102.2 (national average = 100). The property tax rate in Tennessee is 0.81%, which is near the national average. Pikevillle has a population of 33,381 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pikevillle, Tennessee area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.