Total monthly cost of ownership
Cost to Own a Home in Greeneville, Tennessee
A $211,000 home here costs
$1,751per 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 $75,000 a year.
A standard mortgage calculator would have told you $1,150. The real number is $601 higher every month, 52% more than the payment most buyers budget for.
Compare Greene 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.
Greeneville against Greene County and Tennessee
| Measure | Greeneville | Greene County |
|---|---|---|
| Median home value | $210,700 | $186,400 |
| Median property tax | $1,360 | $803 |
| Effective tax rate | 0.645% | 0.431% |
| Median gross rent | $680 | $713 |
| Population | 15,531 | 70,919 |
The weather behind that power bill
Greeneville sits in Greene County, which averages a high of 87.3°F in its hottest month and a low of 25.5°F in its coldest, with 46.39" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,182 cooling and 4,165 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Greene County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greene County
Full Greene County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Greeneville 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 Greeneville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Greeneville I already own here and may sell
Common questions
How much does it cost to own a home in Greeneville?
A $211,000 home in Greeneville, Tennessee costs approximately $1,751 per month with 20% down at 7.24%. That is $1,150 principal and interest, $113 property tax, $89 homeowners insurance, $223 utilities and $176 set aside for maintenance.
What is the property tax rate in Greeneville?
Greeneville has an effective property tax rate of 0.645%, based on a median home value of $210,700 and median real estate taxes of $1,360. That is higher than the Greene County average of 0.431%.
What is the average home price in Greeneville?
The median owner-occupied home value in Greeneville, Tennessee is $210,700, against $186,400 across Greene County.
Is it cheaper to rent or buy in Greeneville?
Median gross rent in Greeneville is $680 a month, against $1,751 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 Greeneville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Greeneville, Tennessee at today's rate takes a household income of roughly $75,000 a year. That covers the full $1,751 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Greeneville, 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.