Total monthly cost of ownership
Cost to Own a Home in Dyersburg, Tennessee
A $171,000 home here costs
$1,497per 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 $64,000 a year.
A standard mortgage calculator would have told you $932. The real number is $564 higher every month, 61% more than the payment most buyers budget for.
Compare Dyer County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Dyersburg against Dyer County and Tennessee
| Measure | Dyersburg | Dyer County |
|---|---|---|
| Median home value | $170,900 | $159,500 |
| Median property tax | $1,523 | $966 |
| Effective tax rate | 0.891% | 0.606% |
| Median gross rent | $759 | $760 |
| Population | 16,075 | 36,681 |
The weather behind that power bill
Dyersburg sits in Dyer County, which averages a high of 90.1°F in its hottest month and a low of 29.2°F in its coldest, with 53.25" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,830 cooling and 3,585 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Dyer County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dyer County
Talk to someone who works this market
These are Dyersburg 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 Dyersburg every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Dyersburg?
A $171,000 home in Dyersburg, Tennessee costs approximately $1,497 per month with 20% down at 7.24%. That is $932 principal and interest, $127 property tax, $72 homeowners insurance, $223 utilities and $143 set aside for maintenance.
What is the property tax rate in Dyersburg?
Dyersburg has an effective property tax rate of 0.891%, based on a median home value of $170,900 and median real estate taxes of $1,523. That is higher than the Dyer County average of 0.606%.
What is the average home price in Dyersburg?
The median owner-occupied home value in Dyersburg, Tennessee is $170,900, against $159,500 across Dyer County.
Is it cheaper to rent or buy in Dyersburg?
Median gross rent in Dyersburg is $759 a month, against $1,497 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 Dyersburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Dyersburg, Tennessee at today's rate takes a household income of roughly $64,000 a year. That covers the full $1,497 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Dyersburg, 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.