Total monthly cost of ownership
Cost to Own a Home in Flat Top Mountain, Tennessee
A $538,000 home here costs
$4,053per 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 $173,500 a year.
A standard mortgage calculator would have told you $2,933. The real number is $1,120 higher every month, 38% more than the payment most buyers budget for.
Compare Hamilton County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Flat Top Mountain from a five-year rolling sample, and with about 1,052 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 Hamilton 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.
Flat Top Mountain against Hamilton County and Tennessee
| Measure | Flat Top Mountain | Hamilton County |
|---|---|---|
| Median home value | $538,300 | $282,100 |
| Median property tax | $2,662 | $1,888 |
| Effective tax rate | 0.495% | 0.669% |
| Median gross rent | — | $1,163 |
| Population | 1,052 | 370,913 |
The weather behind that power bill
Flat Top Mountain sits in Hamilton County, which averages a high of 90.5°F in its hottest month and a low of 32.4°F in its coldest, with 55" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,921 cooling and 3,029 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Hamilton County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hamilton County
Full Hamilton County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Flat Top Mountain 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 Flat Top Mountain every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Flat Top Mountain I already own here and may sell
Common questions
How much does it cost to own a home in Flat Top Mountain?
A $538,000 home in Flat Top Mountain, Tennessee costs approximately $4,053 per month with 20% down at 7.24%. That is $2,933 principal and interest, $222 property tax, $226 homeowners insurance, $223 utilities and $448 set aside for maintenance.
What is the property tax rate in Flat Top Mountain?
Flat Top Mountain has an effective property tax rate of 0.495%, based on a median home value of $538,300 and median real estate taxes of $2,662. That is lower than the Hamilton County average of 0.669%.
What is the average home price in Flat Top Mountain?
The median owner-occupied home value in Flat Top Mountain, Tennessee is $538,300, against $282,100 across Hamilton County.
Is it cheaper to rent or buy in Flat Top Mountain?
Rent data is not published for Flat Top Mountain at this level of detail.
What salary do you need to buy a home in Flat Top Mountain?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Flat Top Mountain, Tennessee at today's rate takes a household income of roughly $173,500 a year. That covers the full $4,053 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Flat Top Mountain, 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.