Total monthly cost of ownership
Cost to Own a Home in Goodlettsville, Tennessee
A $355,000 home here costs
$2,811per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $120,500 a year.
A standard mortgage calculator would have told you $1,966. The real number is $845 higher every month, 43% more than the payment most buyers budget for.
Compare Davidson 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.
Goodlettsville against Davidson County and Tennessee
| Measure | Goodlettsville | Davidson County |
|---|---|---|
| Median home value | $355,000 | $386,600 |
| Median property tax | $2,084 | $2,390 |
| Effective tax rate | 0.587% | 0.618% |
| Median gross rent | $1,370 | $1,485 |
| Population | 17,598 | 709,846 |
Goodlettsville extends across 2 counties. Figures here use Davidson County, where most of its housing sits.
The weather behind that power bill
Goodlettsville sits in Davidson County, which averages a high of 90.9°F in its hottest month and a low of 30.1°F in its coldest, with 50.51" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,873 cooling and 3,364 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Davidson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Davidson County
Full Davidson County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Goodlettsville 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 Goodlettsville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Goodlettsville I already own here and may sell
Common questions
How much does it cost to own a home in Goodlettsville?
A $355,000 home in Goodlettsville, Tennessee costs approximately $2,811 per month with 20% down at 7.4%. That is $1,966 principal and interest, $174 property tax, $149 homeowners insurance, $226 utilities and $296 set aside for maintenance.
What is the property tax rate in Goodlettsville?
Goodlettsville has an effective property tax rate of 0.587%, based on a median home value of $355,000 and median real estate taxes of $2,084. That is lower than the Davidson County average of 0.618%.
What is the average home price in Goodlettsville?
The median owner-occupied home value in Goodlettsville, Tennessee is $355,000, against $386,600 across Davidson County.
Is it cheaper to rent or buy in Goodlettsville?
Median gross rent in Goodlettsville is $1,370 a month, against $2,811 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 Goodlettsville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Goodlettsville, Tennessee at today's rate takes a household income of roughly $120,500 a year. That covers the full $2,811 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Goodlettsville, 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.