Total monthly cost of ownership
Cost to Own a Home in Columbia, Tennessee
A $262,000 home here costs
$1,994per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,347. The real number is $647 higher every month — 48% 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.
Columbia against Maury County and Tennessee
| Measure | Columbia | Maury County |
|---|---|---|
| Median home value | $261,700 | $307,500 |
| Median property tax | $1,448 | $1,476 |
| Effective tax rate | 0.553% | 0.480% |
| Median gross rent | $1,092 | $1,206 |
| Population | 43,971 | 104,855 |
The weather behind that power bill
Columbia sits in Maury County, which averages a high of 88.8°F in its hottest month and a low of 26.9°F in its coldest, with 56.77" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,408 cooling and 3,915 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Maury County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Maury County
Full Maury County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Columbia?
A $262,000 home in Columbia, Tennessee costs approximately $1,994 per month with 20% down at 6.66%. That is $1,347 principal and interest, $121 property tax, $110 homeowners insurance, $198 utilities and $218 set aside for maintenance.
What is the property tax rate in Columbia?
Columbia has an effective property tax rate of 0.553%, based on a median home value of $261,700 and median real estate taxes of $1,448. That is higher than the Maury County average of 0.480%.
What is the average home price in Columbia?
The median owner-occupied home value in Columbia, Tennessee is $261,700, against $307,500 across Maury County.
Is it cheaper to rent or buy in Columbia?
Median gross rent in Columbia is $1,092 a month, against $1,994 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 Columbia — 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.