Total monthly cost of ownership
Cost to Own a Home in Centerville, Tennessee
A $205,000 home here costs
$1,708per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $73,000 a year.
A standard mortgage calculator would have told you $1,118. The real number is $591 higher every month, 53% more than the payment most buyers budget for.
Compare Hickman County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Centerville from a five-year rolling sample, and with about 3,543 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Hickman County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Centerville against Hickman County and Tennessee
| Measure | Centerville | Hickman County |
|---|---|---|
| Median home value | $205,100 | $192,000 |
| Median property tax | $1,331 | $1,089 |
| Effective tax rate | 0.649% | 0.567% |
| Median gross rent | $849 | $877 |
| Population | 3,543 | 25,229 |
The weather behind that power bill
Centerville sits in Hickman County, which averages a high of 87.0°F in its hottest month and a low of 28.0°F in its coldest, with 57.1" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,404 cooling and 3,762 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Hickman County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hickman County
Full Hickman County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Centerville averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Centerville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Centerville I already own here and may sell
Common questions
How much does it cost to own a home in Centerville?
A $205,000 home in Centerville, Tennessee costs approximately $1,708 per month with 20% down at 7.24%. That is $1,118 principal and interest, $111 property tax, $86 homeowners insurance, $223 utilities and $171 set aside for maintenance.
What is the property tax rate in Centerville?
Centerville has an effective property tax rate of 0.649%, based on a median home value of $205,100 and median real estate taxes of $1,331. That is higher than the Hickman County average of 0.567%.
What is the average home price in Centerville?
The median owner-occupied home value in Centerville, Tennessee is $205,100, against $192,000 across Hickman County.
Is it cheaper to rent or buy in Centerville?
Median gross rent in Centerville is $849 a month, against $1,708 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Centerville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Centerville, Tennessee at today's rate takes a household income of roughly $73,000 a year. That covers the full $1,708 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Centerville, 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.