Total monthly cost of ownership
Cost to Own a Home in Etowah, Tennessee
A $166,000 home here costs
$1,324per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $853. The real number is $470 higher every month — 55% 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.
Etowah against McMinn County and Tennessee
| Measure | Etowah | McMinn County |
|---|---|---|
| Median home value | $165,900 | $190,400 |
| Median property tax | $767 | $707 |
| Effective tax rate | 0.462% | 0.371% |
| Median gross rent | $817 | $792 |
| Population | 3,621 | 54,135 |
The weather behind that power bill
Etowah 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 Etowah?
A $166,000 home in Etowah, Tennessee costs approximately $1,324 per month with 20% down at 6.66%. That is $853 principal and interest, $64 property tax, $70 homeowners insurance, $198 utilities and $138 set aside for maintenance.
What is the property tax rate in Etowah?
Etowah has an effective property tax rate of 0.462%, based on a median home value of $165,900 and median real estate taxes of $767. That is higher than the McMinn County average of 0.371%.
What is the average home price in Etowah?
The median owner-occupied home value in Etowah, Tennessee is $165,900, against $190,400 across McMinn County.
Is it cheaper to rent or buy in Etowah?
Median gross rent in Etowah is $817 a month, against $1,324 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 Etowah — 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.