Total monthly cost of ownership
Cost to Own a Home in Gatlinburg, Tennessee
A $287,000 home here costs
$2,120per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,475. The real number is $645 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.
Gatlinburg against Sevier County and Tennessee
| Measure | Gatlinburg | Sevier County |
|---|---|---|
| Median home value | $286,500 | $259,500 |
| Median property tax | $1,041 | $815 |
| Effective tax rate | 0.363% | 0.314% |
| Median gross rent | $1,056 | $1,013 |
| Population | 3,643 | 98,802 |
The weather behind that power bill
Gatlinburg sits in Sevier County, which averages a high of 82.9°F in its hottest month and a low of 26.6°F in its coldest, with 58.2" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 789 cooling and 4,284 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Sevier County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sevier County
Full Sevier County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Gatlinburg?
A $287,000 home in Gatlinburg, Tennessee costs approximately $2,120 per month with 20% down at 6.66%. That is $1,475 principal and interest, $87 property tax, $121 homeowners insurance, $198 utilities and $239 set aside for maintenance.
What is the property tax rate in Gatlinburg?
Gatlinburg has an effective property tax rate of 0.363%, based on a median home value of $286,500 and median real estate taxes of $1,041. That is higher than the Sevier County average of 0.314%.
What is the average home price in Gatlinburg?
The median owner-occupied home value in Gatlinburg, Tennessee is $286,500, against $259,500 across Sevier County.
Is it cheaper to rent or buy in Gatlinburg?
Median gross rent in Gatlinburg is $1,056 a month, against $2,120 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 Gatlinburg — 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.