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City · 10,385 residents · Tipton County, Tennessee

Atoka , Tennessee

In Atoka, a typical home is worth $320,700 and typical rent is $1,237 a month. Compared with all of Tipton County, the typical home value is 33% higher, typical rent is 22% higher, and the share of households that own their home is 9 points higher.

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  • Typical home value

    $320,700

    33% above the county

    12% above Tennessee

    • Atoka
    • Tipton
    • Tennessee

  • Typical rent

    $1,237a month

    22% above the county

    4% above Tennessee

    • Atoka
    • Tipton
    • Tennessee

  • Typical household income

    $89,663a year

    21% above the county

    29% above Tennessee

    • Atoka
    • Tipton
    • Tennessee

  • Households that own their home

    85%

    9 points above the county

    18 points above Tennessee

    • Atoka
    • Tipton
    • Tennessee

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$348,092
about the same as 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Atoka is in Tipton County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Tipton County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Atoka apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Covington, the typical home value is $185,900: 42% less than in Atoka ($320,700).

  2. The typical home in Atoka is worth $320,700, 33% more than in Tipton County as a whole ($240,600).

  3. Nearby, in Covington, the typical rent is $933: 25% less than in Atoka ($1,237).

  4. The typical rent in Atoka is $1,237 a month, 22% more than in Tipton County as a whole ($1,013).

  5. The typical household income in Atoka is $89,663, 21% more than in Tipton County as a whole ($74,127).

  6. 85% of households in Atoka own their home, against 76% in Tipton County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Atoka

What homes there are in Atoka, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Atoka: 92% of homes, more than in Tipton County (80%).

Year built

The typical home in Atoka was built in 2002, 9 years after the typical one in Tipton County.

Homes in Atoka are bigger: 88% have 3 bedrooms or more; in Tipton County, 81%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,708 a month

Tipton County: $1,520 a month

Without a mortgage

$489 a month

Tipton County: $465 a month

Owners with a mortgage

75%

Tipton County: 61%

The typical cost for an owner with a mortgage in Atoka is $1,708 a month, more than in Tipton County ($1,520); without one, $489.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Atoka gained value faster than in Tipton County: 64% against 60%.

The typical rent in Atoka stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureAtokaTipton CountyTennesseeUnited States
Rental vacancy Unreliable estimateUnreliable estimate6.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimate1.7%2.2%3.4%
People per household 2.752.692.452.53
Drive alone 79%79%76%69%
Carpool 6%9%8%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate1%3%
Work from home 15%11%13%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

A household in Atoka has 2.75 people on average, about the same as in Tipton County (2.69).

Many people here do not commute at all: 15% work from home; in Tipton County, 11%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Atoka?

A typical home is tight for the typical income

We start with a typical home in Atoka, worth $320,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Atoka, which is $89,663 a year. For that payment to be 28% of income, a household would need to earn about $109,298 a year.

The calculator's FHA and conventional loan limits are those of all of Tipton County.

Your numbers

Local data
$

Starts at the typical home value in Atoka. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $11,225 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,550

at 7.18% · 30 years

Loan amount
$314,891
Total interest
$453,054
Paid off in
November 2056

Includes $5,416 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,092 a month

  • Tight

    $2,092 to $2,690 a month

    Your payment · 34%

  • Hard

    more than $2,690 a month

Compared with the typical household income in Atoka ($89,663 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,550
Principal & interest$2,133
Property tax$142
Home insurance$134
FHA mortgage insurance (MIP)$142

You need at least $11,225 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Atoka and Tipton County

Atoka is in Tipton County, Tennessee. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Atoka's own numbers

Typical home value
$320,700
Typical monthly rent
$1,237
Typical yearly household income
$89,663
Households that own their home
85%
Effective property tax rate
0.53%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Tipton County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,301
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
1.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Tipton County.

Everything about Tipton County

Buying

Buying a home in Atoka

A typical home in Atoka is worth $320,700: 33% above the county and 12% above Tennessee. With the typical household income in Atoka ($89,663 a year), a typical home costs 3.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Atoka 3.6 years
  • Tipton 3.2 years
  • Tennessee 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Tipton County

According to FHFA’s house price index, home prices in Tipton County rose 90% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Tipton County.

Period County Tennessee U.S.
Last year (2025) +3.4% +2.4% +2.9%
5 years (2020–2025) +56% +60% +47%
10 years (2015–2025) +90% +114% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Atoka next to Tipton County, Tennessee and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Atoka $320,700
  • Tipton $240,600
  • Tennessee $286,700
  • United States $332,700
Typical monthly rent
  • Atoka $1,237
  • Tipton $1,013
  • Tennessee $1,189
  • United States $1,413
Typical yearly household income
  • Atoka $89,663
  • Tipton $74,127
  • Tennessee $69,595
  • United States $80,734
See the full table
Atoka next to Tipton County and Tennessee
Measure Atoka Tipton County Tennessee U.S.
Typical home value $320,700 $240,600 $286,700 $332,700
Typical monthly rent $1,237 $1,013 $1,189 $1,413
Typical yearly household income $89,663 $74,127 $69,595 $80,734
Households that own their home 85% 76% 67% 65%
Typical yearly property tax $1,688 $1,211 $1,442 $3,119
Effective property tax rate 0.53% 0.5% 0.5% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Tipton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Atoka

For a typical $320,700 home in Atoka, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Atoka's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,550a month

    Least cash to close
    Down payment
    $11,225
    Cash to close
    $20,846
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $142

  • Conventional, 5% down $2,492a month

    Down payment
    $16,035
    Cash to close
    $25,656
    Rate
    7.18%
    Mortgage insurance
    PMI · $152

  • Conventional, 20% down, no PMI $2,013a month

    Down payment
    $64,140
    Cash to close
    $73,761
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,310a month

    Down payment
    $48,105
    Cash to close
    $57,726
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Atoka and for Tipton County.

Property tax

Effective rate in Atoka

0.53%of the home’s value each year

$1,688 a year for the typical owner in Atoka.

  • Atoka 0.53%
  • Tipton 0.5%
  • Tennessee 0.5%

What Tennessee publishes Property tax relief for older, disabled and disabled-veteran homeowners (Tennessee Comptroller of the Treasury, 2026 Property Tax Relief Program brochure)

Exemptions and deadlines in Tennessee

Flood risk in Tipton County

FEMA does not publish these numbers by city: they are for all of Tipton County.

Homes in the high-risk zone
1.1%
252
Of those, with NFIP insurance
29%
County Tennessee U.S.
Homes in the high-risk zone 1.1% 1.6% 3.5%
Of those, with NFIP insurance 29% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Atoka

Typical rent in Atoka is $1,237 a month: 22% above the county.

HUD publishes a fair market rent for all of Tipton County, by unit size. To pay the 2-bedroom one ($1,301 a month) without spending more than 30% of your income, you would need to earn $25.02 an hour working full time.

HUD fair market rent for all of Tipton County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,095 $21.06 $43,800
1 bedroom $1,191 $22.90 $47,640
2 bedrooms $1,301 $25.02 $52,040
3 bedrooms $1,717 $33.02 $68,680
4 bedrooms $1,981 $38.10 $79,240

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Atoka

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Atoka is in ZIP code 38004.

For 2 bedrooms it is $1,420: $119 more than the fair market rent for Tipton County ($1,301).

  • 38004 $1,420$1,870

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Atoka when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Atoka

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Tipton County. The nearest ones are below; many serve by phone or online.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Atoka

No down payment, repair or rent-help program on our list is for Atoka or Tipton County. The ones below are statewide in Tennessee: they work in Atoka the same as in the rest of the state.

Which programs do I qualify for? All programs in Tennessee

  • Great Choice Plus

    Statewide in Tennessee

    Tennessee state agency help with the down payment and closing costs alongside the Great Choice mortgage: $6,000 or $10,000 forgivable over 10 years with no payments, or up to 5% of the price (maximum $15,000) as a 30-year second mortgage. Offered by Tennessee Housing Development Agency (THDA).

    ForgivableRepayable

    See the program Official page

Housing counselors near Atoka

The HUD-approved agencies closest to the center of Atoka, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Frayser Community Development Corporation

    3684 N Watkins St, Memphis · 18 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (901) 354-9401

  • NSC (naca Counseling Subsidiary) - Memphis, TN

    2400 Poplar Ave. Suite 500, Memphis · 23 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (901) 348-0115

  • Operation Hope - Memph TN - Poplar Av

    6815 Poplar Ave Ste 100, Memphis · 23 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (571) 544-2282

All counseling agencies in Tennessee

Help in Spanish near Atoka

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Atoka

In HUD’s record, no housing authority with an office in Tipton County is named for Atoka or Tipton County.

One other authority has an office in Tipton County: see the list Source: HUD

Cities

Other cities in Tipton County

These cities are also in Tipton County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Tipton County Housing in Tennessee

Nearby cities

The cities closest to Atoka, with the typical home value.

Neighboring counties

If Tipton County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Atoka.

All guides
A man and two girls read a book together on the sofa.

Questions

Housing questions about Atoka

Short answers with the numbers for Atoka and all of Tipton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Atoka?

The typical home value in Atoka is $320,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Tipton County it is $240,600.

How much does it cost to rent in Atoka?

Typical rent in Atoka is $1,237 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Tipton County is $1,301.

What is the FHA loan limit in Atoka?

Atoka uses the FHA limit for all of Tipton County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Atoka?

The typical homeowner in Atoka pays $1,688 a year, according to the U.S. Census Bureau. That is 0.53% of the home’s value; in Tipton County, the rate is 0.5%.

Where can I find free help to buy or rent in Atoka?

We found no HUD-approved counseling agencies with an office in Tipton County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).