Quick facts: Tullahoma, TN

Quick Facts

99.5
Cost of Living
below US average
20,830
Population
27.22
Crime Rate per 1000
above US average
$56,771
Median Income
below US average
$290,000
Median House Price
above US average
$1453.55
Average Rent
above US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $56,771.

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Income Needed to Buy

βœ— Stretch
$91k/year
Based on $290,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $91k vs median $56,771
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Income Needed to Rent

⚠ Stretch
$62k/year
Based on $1453.55/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $62k vs median $56,771
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tullahoma, TN

Tullahoma, Tennessee, is a charming city located in both Coffee and Franklin Counties. Nestled in the foothills of the Cumberland Plateau, Tullahoma boasts a rich history and a strong sense of community. Established in the 1850s, the city has developed around the railroad and has grown into a vibrant small town. Known for its beautiful parks and recreational opportunities, Tullahoma offers residents and visitors plenty of outdoor activities, such as hiking and fishing, particularly around Lake Tullahoma. The city hosts annual events like the Tullahoma Fine Arts Center's art shows and the Southern Middle Tennessee Hot Air Balloon Festival, which draw visitors from surrounding areas. Tullahoma is also home to several historic sites, including the Old Jail Museum and the Tullahoma Railroad Depot, reflecting its storied past. The city benefits from a scenic landscape, with its location providing easy access to the larger cities of Nashville and Chattanooga, making it an ideal spot for those seeking a quieter lifestyle without sacrificing urban conveniences. Overall, Tullahoma offers a supportive community, rich history, and a variety of local amenities, making it a welcoming place for residents and visitors alike.

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