Total monthly cost of ownership
Cost to Own a Home in Dover, Tennessee
A $199,000 home here costs
$1,562per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,023. The real number is $539 higher every month — 53% 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.
Dover against Stewart County and Tennessee
| Measure | Dover | Stewart County |
|---|---|---|
| Median home value | $199,300 | $182,700 |
| Median property tax | $1,101 | $951 |
| Effective tax rate | 0.552% | 0.521% |
| Median gross rent | $681 | $837 |
| Population | 2,080 | 13,859 |
The weather behind that power bill
Dover sits in Stewart County, which averages a high of 87.8°F in its hottest month and a low of 27.4°F in its coldest, with 54.8" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,539 cooling and 3,845 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Stewart County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Stewart County
No other places of this size are published in Stewart County.
Full Stewart County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Dover?
A $199,000 home in Dover, Tennessee costs approximately $1,562 per month with 20% down at 6.66%. That is $1,023 principal and interest, $92 property tax, $84 homeowners insurance, $198 utilities and $166 set aside for maintenance.
What is the property tax rate in Dover?
Dover has an effective property tax rate of 0.552%, based on a median home value of $199,300 and median real estate taxes of $1,101. That is higher than the Stewart County average of 0.521%.
What is the average home price in Dover?
The median owner-occupied home value in Dover, Tennessee is $199,300, against $182,700 across Stewart County.
Is it cheaper to rent or buy in Dover?
Median gross rent in Dover is $681 a month, against $1,562 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 Dover — 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.