Total monthly cost of ownership
Cost to Own a Home in Harriman, Tennessee
A $163,000 home here costs
$1,308per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $838. The real number is $470 higher every month — 56% 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.
Harriman against Roane County and Tennessee
| Measure | Harriman | Roane County |
|---|---|---|
| Median home value | $162,500 | $212,300 |
| Median property tax | $811 | $1,172 |
| Effective tax rate | 0.499% | 0.552% |
| Median gross rent | $737 | $767 |
| Population | 6,021 | 54,403 |
Harriman extends across 2 counties. Figures here use Roane County, where most of its housing sits.
The weather behind that power bill
Harriman sits in Roane County, which averages a high of 87.7°F in its hottest month and a low of 27.9°F in its coldest, with 58.81" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,460 cooling and 3,832 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Roane County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Roane County
Full Roane County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Harriman?
A $163,000 home in Harriman, Tennessee costs approximately $1,308 per month with 20% down at 6.66%. That is $838 principal and interest, $68 property tax, $69 homeowners insurance, $198 utilities and $136 set aside for maintenance.
What is the property tax rate in Harriman?
Harriman has an effective property tax rate of 0.499%, based on a median home value of $162,500 and median real estate taxes of $811. That is lower than the Roane County average of 0.552%.
What is the average home price in Harriman?
The median owner-occupied home value in Harriman, Tennessee is $162,500, against $212,300 across Roane County.
Is it cheaper to rent or buy in Harriman?
Median gross rent in Harriman is $737 a month, against $1,308 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 Harriman — 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.