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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Gainesboro, TN Housing Affordability Index

Gainesboro, Tennessee has an MBR Housing Affordability Index score of 139.9 (Highly Affordable) as of October 30, 2026, ranking 153rd most affordable of 380 scored Tennessee cities, compared with 103.7 statewide and 97.4 nationally. On a median-priced $170,600 home with 20% down, the Tennessee average 30-year fixed rate of 7.18% means a monthly principal and interest payment of about $925, or 21% of the city’s $51,923 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Gainesboro is updated every night from live Tennessee mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Gainesboro MBR-HAI 139.9 Highly Affordable
Rank in Tennessee 153 of 380 1 = most affordable
Tennessee 103.7 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.18% Tennessee lenders
Median home value $170,600 U.S. Census Bureau

Gainesboro is 36.1 points above the Tennessee score. Scores as of October 30, 2026. See the Tennessee index

View Gainesboro Mortgage Rates

What It Takes to Buy in Gainesboro

$925/mo
Principal & Interest
Median home, 20% down, 7.18%
$39,600
Income Needed
To keep the payment at 28% of income
$51,923
Median Household Income
Tennessee: $69,595
3.3x
Price-to-Income Ratio
Tennessee: 4.1x
$734/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$767/yr
Median Property Tax
0.45% of median value
24.3%
Owner Cost Burden
Owners spending 30%+ of income on housing
43.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Gainesboro, Tennessee. The rate is the Tennessee average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Gainesboro Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Gainesboro, Tennessee score: 139.9 (Highly Affordable), ranked 153 of 380 Tennessee cities. monitorbankrates.com/housing-affordability-index/tennessee/gainesboro”