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Bristol, TN mortgage & affordability calculator

The typical home in Bristol, TN is worth about $240,000. With 20% down that's a loan near $192,000 — the calculator is pre-filled with that figure. State Street literally splits Bristol down the Tennessee–Virginia line, and the city bills itself as the 'Birthplace of Country Music' for the 1927 Victor recording sessions held there. Bristol Motor Speedway and a NASCAR race weekend give the local short-term rental market an outsized seasonal bump.

$1,246.58 / month

Total interest
$256,775
Total paid
$448,775
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$48k$96k$144k$192k0612182430Year

How much you need to earn

Bristol, TN's median household income is about $52,000 a year. Under standard 28/36 lending rules that supports a home price around $193,550 with 20% down — below the $240,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$193,587 max home price

Max loan amount
$145,587
Housing payment budget
$1,213
P&I budget
$945
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Bristol, TN is about $1,050 a month, so owning the median home costs roughly $465 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Bristol, TN?
On the metro's roughly $240,000 typical home with 20% down, the loan is about $192,000. Principal and interest run near $1,247 a month at today's rate, and Bristol, TN's property tax plus insurance add about $268, for a full payment near $1,515.
Can I afford a home in Bristol, TN on the median income?
The median household income is about $52,000 a year. Under standard 28/36 lending rules that supports a home price around $193,550 with 20% down — below the $240,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Bristol, TN?
Typical asking rent is about $1,050 a month. The full owner payment on a median home is near $1,515, so owning costs roughly $465 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Bristol, TN?
The effective property tax rate in the core county is about 0.55% of market value — roughly $1,320 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Bristol, TN rising or falling?
Home values are up about 3% over the past year. State Street literally splits Bristol down the Tennessee–Virginia line, and the city bills itself as the 'Birthplace of Country Music' for the 1927 Victor recording sessions held there. Bristol Motor Speedway and a NASCAR race weekend give the local short-term rental market an outsized seasonal bump.

Nearby metros

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