Total monthly cost of ownership
Cost to Own a Home in Gallatin, Tennessee
A $344,000 home here costs
$2,554per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,769. The real number is $785 higher every month — 44% 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.
Gallatin against Sumner County and Tennessee
| Measure | Gallatin | Sumner County |
|---|---|---|
| Median home value | $343,700 | $364,000 |
| Median property tax | $1,868 | $1,944 |
| Effective tax rate | 0.543% | 0.534% |
| Median gross rent | $1,299 | $1,339 |
| Population | 46,667 | 200,553 |
The weather behind that power bill
Gallatin sits in Sumner County, which averages a high of 87.7°F in its hottest month and a low of 25.3°F in its coldest, with 54.96" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,289 cooling and 4,293 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Sumner County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sumner County
Full Sumner County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Gallatin?
A $344,000 home in Gallatin, Tennessee costs approximately $2,554 per month with 20% down at 6.66%. That is $1,769 principal and interest, $156 property tax, $145 homeowners insurance, $198 utilities and $287 set aside for maintenance.
What is the property tax rate in Gallatin?
Gallatin has an effective property tax rate of 0.543%, based on a median home value of $343,700 and median real estate taxes of $1,868. That is in line with the Sumner County average of 0.534%.
What is the average home price in Gallatin?
The median owner-occupied home value in Gallatin, Tennessee is $343,700, against $364,000 across Sumner County.
Is it cheaper to rent or buy in Gallatin?
Median gross rent in Gallatin is $1,299 a month, against $2,554 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 Gallatin — 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.