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City · 10,338 residents · Henry County, Tennessee

Paris , Tennessee

In Paris, a typical home is worth $163,600 and typical rent is $780 a month. Compared with all of Henry County, typical household income is 19% lower and the share of households that own their home is 17 points lower.

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  • Typical home value

    $163,600

    2% above the county

    43% below Tennessee

    • Paris
    • Henry
    • Tennessee

  • Typical rent

    $780a month

    2% above the county

    34% below Tennessee

    • Paris
    • Henry
    • Tennessee

  • Typical household income

    $41,012a year

    19% below the county

    41% below Tennessee

    • Paris
    • Henry
    • Tennessee

  • Households that own their home

    57%

    17 points below the county

    10 points below Tennessee

    • Paris
    • Henry
    • Tennessee

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

Market now, with Zillow data

Zillow data
Typical home value
$216,087
5.4% more than 12 months ago
Typical rent
$1,100 a month

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

Paris is in Henry 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 Henry County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Paris apart

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

  1. 57% of households in Paris own their home, against 74% in Henry County.

  2. According to Zillow, in the 12 months to September 2026 the typical home value in Paris rose 5.4%; in Tennessee, it rose 0.6%.

  3. Nearby, in McKenzie, the typical rent is $663: 15% less than in Paris ($780).

  4. The typical household income in Paris is $41,012, 19% less than in Henry County as a whole ($50,613).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Paris

What homes there are in Paris, 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 is the most common home in Paris: 63% of homes, near the figure in Henry County (64%).

Year built

In Paris, half of the homes were built before 1971; in Henry County, before 1984.

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

The FHA limit for Henry County is high ($541,287): at least 93% of owner-occupied homes in Paris are worth less than $500,000.

Monthly rent with utilities

By rent, most homes in Paris cost less than HUD's 2-bedroom fair market rent ($1,011): about 83%.

With a mortgage

$1,169 a month

Henry County: $1,166 a month

Without a mortgage

$471 a month

Henry County: $378 a month

Owners with a mortgage

53%

Henry County: 43%

In Paris, 53% of owners have a mortgage; their typical cost is $1,169 a month, about the same as in Henry County.

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 Paris gained value faster than in Henry County: 73% against 55%.

Rents in Paris rose at about the same pace as in Henry County: 21% since 2015–2019, against 18%.

To compare: typical income in Paris rose 33%; the home, +73%; the rent, +21%.

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

MeasureParisHenry 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 estimateUnreliable estimate2.2%3.4%
People per household 2.422.382.452.53
Drive alone 81%82%76%69%
Carpool 7%6%8%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate1%3%
Work from home 6%7%13%15%
Other means Unreliable estimate4%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Much as in Henry County, a household in Paris has 2.42 people on average.

In Paris, 81% of workers drive alone to work; in Henry County, 82%.

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 Paris?

A typical home costs more than the typical income allows

We start with a typical home in Paris, worth $163,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Paris, which is $41,012 a year. For that payment to be 28% of income, a household would need to earn about $55,815 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Paris. 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 $5,726 (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

$1,302

at 7.18% · 30 years

Loan amount
$160,637
Total interest
$231,119
Paid off in
November 2056

Includes $2,763 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $957 a month

  • Tight

    $957 to $1,230 a month

  • Hard

    more than $1,230 a month

    Your payment · 38%

Compared with the typical household income in Paris ($41,012 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,302
Principal & interest$1,088
Property tax$74
Home insurance$68
FHA mortgage insurance (MIP)$72

You need at least $5,726 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

Paris and Henry County

Paris is in Henry 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).

Paris's own numbers

Typical home value
$163,600
Typical monthly rent
$780
Typical yearly household income
$41,012
Households that own their home
57%
Effective property tax rate
0.54%

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

Numbers for all of Henry County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,011
Price change over 5 years (FHFA)
+68%
Homes in a high flood-risk zone
2%

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 Henry County.

Everything about Henry County

Buying

Buying a home in Paris

A typical home in Paris is worth $163,600: 2% above the county and 43% below Tennessee. With the typical household income in Paris ($41,012 a year), a typical home costs 4.0 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.

  • Paris 4.0 years
  • Henry 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 Henry County

According to FHFA’s house price index, home prices in Henry County rose 99% in the 10 years through 2025.

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

Period County Tennessee U.S.
Last year (2025) +7.2% +2.4% +2.9%
5 years (2020–2025) +68% +60% +47%
10 years (2015–2025) +99% +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

Paris next to Henry 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
  • Paris $163,600
  • Henry $160,200
  • Tennessee $286,700
  • United States $332,700
Typical monthly rent
  • Paris $780
  • Henry $761
  • Tennessee $1,189
  • United States $1,413
Typical yearly household income
  • Paris $41,012
  • Henry $50,613
  • Tennessee $69,595
  • United States $80,734
See the full table
Paris next to Henry County and Tennessee
Measure Paris Henry County Tennessee U.S.
Typical home value $163,600 $160,200 $286,700 $332,700
Typical monthly rent $780 $761 $1,189 $1,413
Typical yearly household income $41,012 $50,613 $69,595 $80,734
Households that own their home 57% 74% 67% 65%
Typical yearly property tax $890 $705 $1,442 $3,119
Effective property tax rate 0.54% 0.44% 0.5% 0.94%
Renters with high rent for their income 40% 37% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Henry 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 Paris

For a typical $163,600 home in Paris, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Paris's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,302a month

    Least cash to close
    Down payment
    $5,726
    Cash to close
    $10,634
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $72

  • Conventional, 5% down $1,272a month

    Down payment
    $8,180
    Cash to close
    $13,088
    Rate
    7.18%
    Mortgage insurance
    PMI · $78

  • Conventional, 20% down, no PMI $1,028a month

    Down payment
    $32,720
    Cash to close
    $37,628
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,180a month

    Down payment
    $24,540
    Cash to close
    $29,448
    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 Paris and for Henry County.

Property tax

Effective rate in Paris

0.54%of the home’s value each year

$890 a year for the typical owner in Paris.

  • Paris 0.54%
  • Henry 0.44%
  • 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 Henry County

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

Homes in the high-risk zone
2%
357
Of those, with NFIP insurance
23%
County Tennessee U.S.
Homes in the high-risk zone 2% 1.6% 3.5%
Of those, with NFIP insurance 23% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Paris

Typical rent in Paris is $780 a month: 2% above the county. In Paris, 40% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Henry County, by unit size. To pay the 2-bedroom one ($1,011 a month) without spending more than 30% of your income, you would need to earn $19.44 an hour working full time.

HUD fair market rent for all of Henry 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 $704 $13.54 $28,160
1 bedroom $773 $14.87 $30,920
2 bedrooms $1,011 $19.44 $40,440
3 bedrooms $1,205 $23.17 $48,200
4 bedrooms $1,690 $32.50 $67,600

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 Paris

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Paris is in ZIP code 38242.

For 2 bedrooms it is $1,030: $19 more than the fair market rent for Henry County ($1,011).

  • 38242 $1,030$1,230

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Paris 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?

Low-income apartments

Low-income apartments in Paris

HUD lists 11 buildings with rents for lower incomes in Paris. These are the largest.

  • Vernon Place 909 Caledonia St, Paris 38242 196 homes, 192 low-income · Run by Paris Housing Authority · Average payment: $346 a month · Average wait: 6 months (731) 642-4451
  • Grove Park Apts 345 Harrison St, Paris 38242 80 low-income homes · 2 bd: 64 · 3 bd: 16 · In service since 2003 · For families
  • Park Village of Paris 1450 N Market St, Paris 38242 80 low-income homes · 2 bd: 8 · 3 bd: 40 · 4 bd: 32 · In service since 1997 · For people with disabilities, families
  • Wesley Pine Ridge 706 Pine Ridge Dr, Paris 38242 66 homes, 65 low-income · For older adults (731) 642-7773
  • Crestview Manor Apts 700 Mandalay Rd, Paris 38242 50 low-income homes · For families (731) 642-0544

See all 11 buildings in Henry County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Paris

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 Henry County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Paris

No down payment, repair or rent-help program on our list is for Paris or Henry County. The ones below are statewide in Tennessee: they work in Paris 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 Paris

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

  • West Tennessee Legal Services, Inc.

    210 W Main St, Jackson · 55 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (731) 423-0616

  • West Tennessee Legal Services, Incorporated

    210 West Main Street, Jackson · 55 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    731-423-0616-1250

  • William Franklin Buchanan CDC

    4121 Clarksville Pike, Nashville · 82 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (615) 669-2454

All counseling agencies in Tennessee

Help in Spanish near Paris

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 Paris

HUD’s record names them for Paris or Henry County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Tennessee Source: HUD

Cities

Nearby cities

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

Everything about Henry County Housing in Tennessee

Neighboring counties

If Henry 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 Paris.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Paris

Short answers with the numbers for Paris and all of Henry 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 Paris?

The typical home value in Paris is $163,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Henry County it is $160,200.

How much does it cost to rent in Paris?

Typical rent in Paris is $780 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Henry County is $1,011.

What is the FHA loan limit in Paris?

Paris uses the FHA limit for all of Henry 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 Paris?

The typical homeowner in Paris pays $890 a year, according to the U.S. Census Bureau. That is 0.54% of the home’s value; in Henry County, the rate is 0.44%.

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

We found no HUD-approved counseling agencies with an office in Henry 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).