Total monthly cost of ownership
Cost to Own a Home in Erin, Tennessee
A $138,000 home here costs
$1,158per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $709. The real number is $449 higher every month — 63% 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.
Erin against Houston County and Tennessee
| Measure | Erin | Houston County |
|---|---|---|
| Median home value | $137,500 | $150,100 |
| Median property tax | $925 | $861 |
| Effective tax rate | 0.673% | 0.574% |
| Median gross rent | $527 | $685 |
| Population | 1,212 | 8,293 |
The weather behind that power bill
Erin sits in Houston County, which averages a high of 88.9°F in its hottest month and a low of 26.2°F in its coldest, with 54.75" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,543 cooling and 3,920 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Houston County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Houston County
Full Houston County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Erin?
A $138,000 home in Erin, Tennessee costs approximately $1,158 per month with 20% down at 6.66%. That is $709 principal and interest, $77 property tax, $58 homeowners insurance, $198 utilities and $115 set aside for maintenance.
What is the property tax rate in Erin?
Erin has an effective property tax rate of 0.673%, based on a median home value of $137,500 and median real estate taxes of $925. That is higher than the Houston County average of 0.574%.
What is the average home price in Erin?
The median owner-occupied home value in Erin, Tennessee is $137,500, against $150,100 across Houston County.
Is it cheaper to rent or buy in Erin?
Median gross rent in Erin is $527 a month, against $1,158 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 Erin — 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.