Total monthly cost of ownership
Cost to Own a Home in Centerville, Tennessee
A $205,000 home here costs
$1,620per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,054. The real number is $566 higher every month — 54% 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.
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 $130 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
Common questions
How much does it cost to own a home in Centerville?
A $205,000 home in Centerville, Tennessee costs approximately $1,620 per month with 20% down at 6.66%. That is $1,054 principal and interest, $111 property tax, $86 homeowners insurance, $198 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 $1,620 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 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.