Total monthly cost of ownership
Cost to Own a Home in Gordonsville, Tennessee
A $239,000 home here costs
$1,831per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,229. The real number is $602 higher every month — 49% 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.
Gordonsville against Smith County and Tennessee
| Measure | Gordonsville | Smith County |
|---|---|---|
| Median home value | $238,800 | $224,500 |
| Median property tax | $1,248 | $1,047 |
| Effective tax rate | 0.523% | 0.466% |
| Median gross rent | $871 | $877 |
| Population | 1,385 | 20,196 |
The weather behind that power bill
Gordonsville sits in Smith County, which averages a high of 89.0°F in its hottest month and a low of 27.0°F in its coldest, with 52.51" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,456 cooling and 3,807 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Smith County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Smith County
Full Smith County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Gordonsville?
A $239,000 home in Gordonsville, Tennessee costs approximately $1,831 per month with 20% down at 6.66%. That is $1,229 principal and interest, $104 property tax, $101 homeowners insurance, $198 utilities and $199 set aside for maintenance.
What is the property tax rate in Gordonsville?
Gordonsville has an effective property tax rate of 0.523%, based on a median home value of $238,800 and median real estate taxes of $1,248. That is higher than the Smith County average of 0.466%.
What is the average home price in Gordonsville?
The median owner-occupied home value in Gordonsville, Tennessee is $238,800, against $224,500 across Smith County.
Is it cheaper to rent or buy in Gordonsville?
Median gross rent in Gordonsville is $871 a month, against $1,831 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 Gordonsville — 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.