Total monthly cost of ownership
Cost to Own a Home in Belle Meade, Tennessee
A $2,000,000 home here costs
$13,822per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $10,282. The real number is $3,540 higher every month — 34% 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.
Belle Meade against Davidson County and Tennessee
| Measure | Belle Meade | Davidson County |
|---|---|---|
| Median home value | $2,000,001 | $386,600 |
| Median property tax | $10,001 | $2,390 |
| Effective tax rate | 0.500% | 0.618% |
| Median gross rent | $3,501 | $1,485 |
| Population | 2,824 | 709,846 |
The weather behind that power bill
Belle Meade sits in Davidson County, which averages a high of 90.9°F in its hottest month and a low of 30.1°F in its coldest, with 50.51" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,873 cooling and 3,364 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Davidson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Davidson County
Full Davidson County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Belle Meade?
A $2,000,000 home in Belle Meade, Tennessee costs approximately $13,822 per month with 20% down at 6.66%. That is $10,282 principal and interest, $833 property tax, $842 homeowners insurance, $198 utilities and $1,667 set aside for maintenance.
What is the property tax rate in Belle Meade?
Belle Meade has an effective property tax rate of 0.500%, based on a median home value of $2,000,001 and median real estate taxes of $10,001. That is lower than the Davidson County average of 0.618%.
What is the average home price in Belle Meade?
The median owner-occupied home value in Belle Meade, Tennessee is $2,000,001, against $386,600 across Davidson County.
Is it cheaper to rent or buy in Belle Meade?
Median gross rent in Belle Meade is $3,501 a month, against $13,822 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 Belle Meade — 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.