Total monthly cost of ownership
Cost to Own a Home in Bolivar, Tennessee
A $136,000 home here costs
$1,134per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $699. The real number is $435 higher every month — 62% 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.
Bolivar against Hardeman County and Tennessee
| Measure | Bolivar | Hardeman County |
|---|---|---|
| Median home value | $136,000 | $116,800 |
| Median property tax | $793 | $762 |
| Effective tax rate | 0.583% | 0.652% |
| Median gross rent | $827 | $818 |
| Population | 5,171 | 25,477 |
The weather behind that power bill
Bolivar sits in Hardeman County, which averages a high of 89.5°F in its hottest month and a low of 28.1°F in its coldest, with 56.14" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,652 cooling and 3,595 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Hardeman County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hardeman County
Full Hardeman County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Bolivar?
A $136,000 home in Bolivar, Tennessee costs approximately $1,134 per month with 20% down at 6.66%. That is $699 principal and interest, $66 property tax, $57 homeowners insurance, $198 utilities and $113 set aside for maintenance.
What is the property tax rate in Bolivar?
Bolivar has an effective property tax rate of 0.583%, based on a median home value of $136,000 and median real estate taxes of $793. That is lower than the Hardeman County average of 0.652%.
What is the average home price in Bolivar?
The median owner-occupied home value in Bolivar, Tennessee is $136,000, against $116,800 across Hardeman County.
Is it cheaper to rent or buy in Bolivar?
Median gross rent in Bolivar is $827 a month, against $1,134 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 Bolivar — 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.