Total monthly cost of ownership
Cost to Own a Home in Englewood, Tennessee
A $101,000 home here costs
$894per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $519. The real number is $375 higher every month — 72% 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.
Englewood against McMinn County and Tennessee
| Measure | Englewood | McMinn County |
|---|---|---|
| Median home value | $101,400 | $190,400 |
| Median property tax | $600 | $707 |
| Effective tax rate | 0.592% | 0.371% |
| Median gross rent | $717 | $792 |
| Population | 1,643 | 54,135 |
The weather behind that power bill
Englewood sits in McMinn County, which averages a high of 88.4°F in its hottest month and a low of 28.2°F in its coldest, with 60.38" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,479 cooling and 3,700 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for McMinn County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McMinn County
Full McMinn County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Englewood?
A $101,000 home in Englewood, Tennessee costs approximately $894 per month with 20% down at 6.66%. That is $519 principal and interest, $50 property tax, $43 homeowners insurance, $198 utilities and $84 set aside for maintenance.
What is the property tax rate in Englewood?
Englewood has an effective property tax rate of 0.592%, based on a median home value of $101,400 and median real estate taxes of $600. That is higher than the McMinn County average of 0.371%.
What is the average home price in Englewood?
The median owner-occupied home value in Englewood, Tennessee is $101,400, against $190,400 across McMinn County.
Is it cheaper to rent or buy in Englewood?
Median gross rent in Englewood is $717 a month, against $894 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 Englewood — 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.