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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

Gatlinburg, TN Housing Affordability Index

Gatlinburg, Tennessee has an MBR Housing Affordability Index score of 100.9 (Near National Average) as of October 30, 2026, ranking 358th most affordable of 380 scored Tennessee cities, compared with 103.7 statewide and 97.4 nationally. On a median-priced $332,000 home with 20% down, the Tennessee average 30-year fixed rate of 7.18% means a monthly principal and interest payment of about $1,800, or 40% of the city’s $53,475 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Gatlinburg 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.

Gatlinburg MBR-HAI 100.9 Near National Average
Rank in Tennessee 358 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 $332,000 U.S. Census Bureau

Gatlinburg is 2.8 points below the Tennessee score. Scores as of October 30, 2026. See the Tennessee index

View Gatlinburg Mortgage Rates

See What You Can Afford in Gatlinburg, Tennessee

Use this Gatlinburg, Tennessee home affordability calculator to see how much house you can afford at today’s Tennessee average 30-year mortgage rate of 7.18%. A household earning the Gatlinburg median income of $53,475, with no other debts and $66,000 down, can afford a home of about $226,698, compared with a median home value of $332,000. Buying the median priced home with 20% down takes a household income of about $87,100 once property tax and insurance are counted.

Gatlinburg median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Tennessee average, 30-year fixed
Gatlinburg median bill (Census)
Estimate; use your quote
You can afford a home up to
$226,698
Below the Gatlinburg median home value of $332,000
Loan amount$160,698
Principal & interest$1,089/mo
Property tax$64/mo
Home insurance$94/mo
PMI$0/mo
Total monthly payment$1,248/mo
Compare Gatlinburg Mortgage Rates

How much house can you afford in Gatlinburg?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Gatlinburg, property taxes run about 0.34% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,571 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Gatlinburg

$1,800/mo
Principal & Interest
Median home, 20% down, 7.18%
$77,100
Income Needed
To keep principal and interest at 28% of income
$53,475
Median Household Income
Tennessee: $69,595
6.2x
Price-to-Income Ratio
Tennessee: 4.1x
$747/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,143/yr
Median Property Tax
0.34% of median value
52.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
35.3%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Gatlinburg Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Gatlinburg, Tennessee score: 100.9 (Near National Average), ranked 358 of 380 Tennessee cities. monitorbankrates.com/housing-affordability-index/tennessee/gatlinburg”