Total monthly cost of ownership
Cost to Own a Home in Ardmore, Tennessee
A $160,000 home here costs
$1,292per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $823. The real number is $470 higher every month — 57% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ardmore against Lincoln County and Tennessee
| Measure | Ardmore | Lincoln County |
|---|---|---|
| Median home value | $160,200 | $209,100 |
| Median property tax | $854 | $991 |
| Effective tax rate | 0.533% | 0.474% |
| Median gross rent | $887 | $782 |
| Population | 1,280 | 35,617 |
Ardmore extends across 2 counties. Figures here use Lincoln County, where most of its housing sits.
The weather behind that power bill
Ardmore sits in Lincoln County, which averages a high of 88.8°F in its hottest month and a low of 30.5°F in its coldest, with 59.81" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,565 cooling and 3,363 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Lincoln County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
Full Lincoln County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Ardmore?
A $160,000 home in Ardmore, Tennessee costs approximately $1,292 per month with 20% down at 6.66%. That is $823 principal and interest, $71 property tax, $67 homeowners insurance, $198 utilities and $133 set aside for maintenance.
What is the property tax rate in Ardmore?
Ardmore has an effective property tax rate of 0.533%, based on a median home value of $160,200 and median real estate taxes of $854. That is higher than the Lincoln County average of 0.474%.
What is the average home price in Ardmore?
The median owner-occupied home value in Ardmore, Tennessee is $160,200, against $209,100 across Lincoln County.
Is it cheaper to rent or buy in Ardmore?
Median gross rent in Ardmore is $887 a month, against $1,292 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ardmore — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Tennessee.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.