In Munford, a typical home is worth $244,400 and typical rent is $1,176 a month. Compared with all of Tipton County, typical household income is 21% higher and typical rent is 16% higher.
Typical home value from Zillow, September 2021 to September 2026: from $221,102 to $283,728.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Munford 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
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: 24% less than in Munford ($244,400).
2
Nearby, in Covington, the typical rent is $933: 21% less than in Munford ($1,176).
3
The typical household income in Munford is $89,531,21% more than in Tipton County as a whole ($74,127).
4
The typical rent in Munford is $1,176 a month, 16% more than in Tipton County as a whole ($1,013).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Munford
What homes there are in Munford, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Munford
Tipton County
Tennessee
United States
Kind of home: Munford and its comparisons
Measure
Munford
Tipton County
Tennessee
United States
Detached house
85%
80%
68%
61%
Attached house
Unreliable estimate
1%
4%
6%
Building of 2 to 4
Unreliable estimate
4%
6%
8%
Apartments (5 or more)
Unreliable estimate
3%
14%
19%
Mobile home
Unreliable estimate
11%
8%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house rules in Munford: 85% of homes, more than in Tipton County (80%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Munford
Tipton County
Tennessee
United States
Year built: Munford and its comparisons
Measure
Munford
Tipton County
Tennessee
United States
Before 1960
Unreliable estimate
13%
18%
26%
1960–1979
16%
18%
23%
24%
1980–1999
38%
35%
29%
25%
2000–2009
22%
25%
16%
14%
2010 or later
18%
10%
15%
11%
By age, homes in Munford look like those in Tipton County: the typical year built is 1994.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K16%
$200K–$300K39%
$300K–$500K32%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Munford and its comparisons
Measure
Munford
Under $100K
Unreliable estimate
$100K–$200K
16%
$200K–$300K
39%
$300K–$500K
32%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Munford and its comparisons
Measure
Munford
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,761 a month
Tipton County: $1,520 a month
Without a mortgage
$481 a month
Tipton County: $465 a month
Owners with a mortgage
75%
Tipton County: 61%
Owning costs more in Munford: with a mortgage, the typical cost is $1,761 a month; in Tipton County, $1,520. Without one, $481.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Munford+45%
Tipton County+60%
Tennessee+72%
United States+53%
Typical rent
MunfordNo clear change
Tipton County+23%
Tennessee+37%
United States+33%
Typical household income
MunfordNo clear change
Tipton County+21%
Tennessee+31%
United States+29%
Change since 2015–2019: Munford and its comparisons
Measure
Munford
Tipton County
Tennessee
United States
Typical home value
+45%
+60%
+72%
+53%
Typical rent
No clear change
+23%
+37%
+33%
Typical household income
No clear change
+21%
+31%
+29%
From 2015–2019 to 2020–2024, the typical home value in Munford rose 45%; in Tipton County, it rose 60%.
Rent in Munford moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Munford and its comparisons
Measure
Munford
Tipton County
Tennessee
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
6.1%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.9%
0.9%
More than one person per room
Unreliable estimate
1.7%
2.2%
3.4%
People per household
2.84
2.69
2.45
2.53
Drive alone
88%
79%
76%
69%
Carpool
Unreliable estimate
9%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
1%
3%
Work from home
9%
11%
13%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
More people live in each home here: 2.84 on average, against 2.69 in Tipton County.
In Munford, 88% of workers drive alone to work; in Tipton County, 79%.
Do the math
What would you pay each month for a home in Munford?
A typical home is within reach of the typical income
We start with a typical home in Munford, worth $244,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 26% of the typical household income in Munford, which is $89,531 a year.
The calculator's FHA and conventional loan limits are those of all of Tipton County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Munford. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $8,554 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,948
at 7.18% · 30 years
Loan amount
$239,973
Total interest
$345,265
Paid off in
November 2056
Includes $4,127 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,089 a month
Your payment · 26%
Tight
$2,089 to $2,686 a month
Hard
more than $2,686 a month
Compared with the typical household income in Munford ($89,531 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,626
Property tax
$112
Home insurance
$102
FHA mortgage insurance (MIP)
$108
You need at least $8,554 for the down payment, plus closing costs.
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.
Total monthly payment $1,948; principal and interest $1,626.
The city and its county
Munford and Tipton County
Munford 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).
Munford
Map of Tipton County, Tennessee, with Munford marked. Around it, the neighboring counties.
Munford
Tipton County
Other cities with a page
Munford's own numbers
Typical home value
$244,400
Typical monthly rent
$1,176
Typical yearly household income
$89,531
Households that own their home
80%
Effective property tax rate
0.55%
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.
A typical home in Munford is worth $244,400: about the same as the county and 15% below Tennessee. With the typical household income in Munford ($89,531 a year), a typical home costs 2.7 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.
Munford2.7 years
Tipton3.2 years
Tennessee4.1 years
United States4.1 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.
Yearly change in FHFA’s price index in Tipton County, 2016 to 2025
2016: +0.3% +0.3% 2016
2017: +5.7% +5.7% 2017
2018: +4.7% +4.7% 2018
2019: +5.3% +5.3% 2019
2020: +4.3% +4.3% 2020
2021: +13.1% +13.1% 2021
2022: +18.4% +18.4% 2022
2023: +8.4% +8.4% 2023
2024: +3.9% +3.9% 2024
2025: +3.4% +3.4% 2025
Change in FHFA’s price index in Tipton County, Tennessee and the United States
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
Munford 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
Munford$244,400
Tipton$240,600
Tennessee$286,700
United States$332,700
Typical monthly rent
Munford$1,176
Tipton$1,013
Tennessee$1,189
United States$1,413
Typical yearly household income
Munford$89,531
Tipton$74,127
Tennessee$69,595
United States$80,734
See the full table
Munford next to Tipton County and Tennessee
Measure
Munford
Tipton County
Tennessee
U.S.
Typical home value
$244,400
$240,600
$286,700
$332,700
Typical monthly rent
$1,176 ▲16% above the county
$1,013
$1,189
$1,413
Typical yearly household income
$89,531 ▲21% above the county
$74,127
$69,595
$80,734
Households that own their home
80% ▲4 points above the county
76%
67%
65%
Typical yearly property tax
$1,334 ▲10% above the county
$1,211
$1,442
$3,119
Effective property tax rate
0.55% ▲0.05 points above the county
0.5%
0.5%
0.94%
Renters with high rent for their income
52% ▲14 points above the county
38%
49%
51%
“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 Munford
For a typical $244,400 home in Munford, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Munford's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,948a month
Least cash to close
Down payment
$8,554
Cash to close
$15,886
Rate
7.18%
Mortgage insurance
FHA MIP · $108
Conventional, 5% down$1,903a month
Down payment
$12,220
Cash to close
$19,552
Rate
7.18%
Mortgage insurance
PMI · $116
Conventional, 20% down, no PMI$1,538a month
Down payment
$48,880
Cash to close
$56,212
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,764a month
Down payment
$36,660
Cash to close
$43,992
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Munford
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,948
$8,554
$239,973
7.18%
FHA MIP · $108
$15,886
580
Conventional, 5% down
$1,903
$12,220
$232,180
7.18%
PMI · $116
$19,552
620*
Conventional, 20% down, no PMI
$1,538
$48,880
$195,520
7.18%
None
$56,212
620*
ITIN, 15% down (example)
$1,764
$36,660
$207,740
8.18%
None
$43,992
Set by the lender
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.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Munford and for Tipton County.
Property tax
Effective rate in Munford
0.55%of the home’s value each year
$1,334 a year for the typical owner in Munford.
Munford0.55%
Tipton0.5%
Tennessee0.5%
What Tennessee publishesProperty tax relief for older, disabled and disabled-veteran homeowners (Tennessee Comptroller of the Treasury, 2026 Property Tax Relief Program brochure)
Typical rent in Munford is $1,176 a month: 16% above the county. In Munford, 52% of renter households pay 30% or more of their income in rent.
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.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Tipton County (Fiscal year 2027)
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 Munford
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Munford is in ZIP code 38058.
For 2 bedrooms it is $1,220: $81 less than the fair market rent for Tipton County ($1,301).
Fair market rent by ZIP code and size in Munford, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
38058
$1,030
$1,120
$1,220
$1,610
$1,860
ZIP code2 bd3 bd
38058 $1,220$1,610
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Munford 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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.
No down payment, repair or rent-help program on our list is for Munford or Tipton County. The ones below are statewide in Tennessee: they work in Munford the same as in the rest of the state.
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).
No legal help resource on our list is for Munford or Tipton County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Munford 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 Munford?
The typical home value in Munford is $244,400, 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 Munford?
Typical rent in Munford is $1,176 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 Munford?
Munford 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 Munford?
The typical homeowner in Munford pays $1,334 a year, according to the U.S. Census Bureau. That is 0.55% of the home’s value; in Tipton County, the rate is 0.5%.
Where can I find free help to buy or rent in Munford?
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.
