Total monthly cost of ownership
Cost to Own a Home in Fairfield Glade, Tennessee
A $321,000 home here costs
$2,458per 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 $105,500 a year.
A standard mortgage calculator would have told you $1,750. The real number is $708 higher every month, 40% more than the payment most buyers budget for.
Compare Cumberland 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.
Fairfield Glade against Cumberland County and Tennessee
| Measure | Fairfield Glade | Cumberland County |
|---|---|---|
| Median home value | $321,300 | $228,000 |
| Median property tax | $990 | $699 |
| Effective tax rate | 0.308% | 0.307% |
| Median gross rent | $1,191 | $829 |
| Population | 9,149 | 62,529 |
The weather behind that power bill
Fairfield Glade sits in Cumberland County, which averages a high of 83.2°F in its hottest month and a low of 26.4°F in its coldest, with 57.53" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 890 cooling and 4,394 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Cumberland County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cumberland County
Full Cumberland County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Fairfield Glade 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 Fairfield Glade every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fairfield Glade I already own here and may sell
Common questions
How much does it cost to own a home in Fairfield Glade?
A $321,000 home in Fairfield Glade, Tennessee costs approximately $2,458 per month with 20% down at 7.24%. That is $1,750 principal and interest, $82 property tax, $135 homeowners insurance, $223 utilities and $268 set aside for maintenance.
What is the property tax rate in Fairfield Glade?
Fairfield Glade has an effective property tax rate of 0.308%, based on a median home value of $321,300 and median real estate taxes of $990. That is in line with the Cumberland County average of 0.307%.
What is the average home price in Fairfield Glade?
The median owner-occupied home value in Fairfield Glade, Tennessee is $321,300, against $228,000 across Cumberland County.
Is it cheaper to rent or buy in Fairfield Glade?
Median gross rent in Fairfield Glade is $1,191 a month, against $2,458 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 Fairfield Glade?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fairfield Glade, Tennessee at today's rate takes a household income of roughly $105,500 a year. That covers the full $2,458 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fairfield Glade, 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.