Total monthly cost of ownership
Cost to Own a Home in Fall Branch, Tennessee
A $152,000 home here costs
$1,301per 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 $56,000 a year.
A standard mortgage calculator would have told you $829. The real number is $473 higher every month, 57% more than the payment most buyers budget for.
Compare Washington County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Fall Branch from a five-year rolling sample, and with about 1,077 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Washington County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fall Branch against Washington County and Tennessee
| Measure | Fall Branch | Washington County |
|---|---|---|
| Median home value | $152,200 | $231,700 |
| Median property tax | $709 | $1,278 |
| Effective tax rate | 0.466% | 0.552% |
| Median gross rent | $829 | $951 |
| Population | 1,077 | 134,693 |
Fall Branch extends across 2 counties. Figures here use Washington County, where most of its housing sits.
The weather behind that power bill
Fall Branch sits in Washington County, which averages a high of 86.4°F in its hottest month and a low of 26.3°F in its coldest, with 43.97" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,105 cooling and 4,150 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Washington County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Fall Branch 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 Fall Branch every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fall Branch I already own here and may sell
Common questions
How much does it cost to own a home in Fall Branch?
A $152,000 home in Fall Branch, Tennessee costs approximately $1,301 per month with 20% down at 7.24%. That is $829 principal and interest, $59 property tax, $64 homeowners insurance, $223 utilities and $127 set aside for maintenance.
What is the property tax rate in Fall Branch?
Fall Branch has an effective property tax rate of 0.466%, based on a median home value of $152,200 and median real estate taxes of $709. That is lower than the Washington County average of 0.552%.
What is the average home price in Fall Branch?
The median owner-occupied home value in Fall Branch, Tennessee is $152,200, against $231,700 across Washington County.
Is it cheaper to rent or buy in Fall Branch?
Median gross rent in Fall Branch is $829 a month, against $1,301 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 Fall Branch?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fall Branch, Tennessee at today's rate takes a household income of roughly $56,000 a year. That covers the full $1,301 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fall Branch, 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.