Total monthly cost of ownership
Cost to Own a Home in Hendersonville, Tennessee
A $397,000 home here costs
$3,087per 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 $132,500 a year.
A standard mortgage calculator would have told you $2,164. The real number is $923 higher every month, 43% more than the payment most buyers budget for.
Compare Sumner 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.
Hendersonville against Sumner County and Tennessee
| Measure | Hendersonville | Sumner County |
|---|---|---|
| Median home value | $396,500 | $364,000 |
| Median property tax | $2,420 | $1,944 |
| Effective tax rate | 0.610% | 0.534% |
| Median gross rent | $1,552 | $1,339 |
| Population | 62,390 | 200,553 |
The weather behind that power bill
Hendersonville sits in Sumner County, which averages a high of 87.7°F in its hottest month and a low of 25.3°F in its coldest, with 54.96" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,289 cooling and 4,293 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Sumner County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sumner County
Full Sumner County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Hendersonville 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 Hendersonville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hendersonville I already own here and may sell
Common questions
How much does it cost to own a home in Hendersonville?
A $397,000 home in Hendersonville, Tennessee costs approximately $3,087 per month with 20% down at 7.24%. That is $2,164 principal and interest, $202 property tax, $167 homeowners insurance, $223 utilities and $331 set aside for maintenance.
What is the property tax rate in Hendersonville?
Hendersonville has an effective property tax rate of 0.610%, based on a median home value of $396,500 and median real estate taxes of $2,420. That is higher than the Sumner County average of 0.534%.
What is the average home price in Hendersonville?
The median owner-occupied home value in Hendersonville, Tennessee is $396,500, against $364,000 across Sumner County.
Is it cheaper to rent or buy in Hendersonville?
Median gross rent in Hendersonville is $1,552 a month, against $3,087 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 Hendersonville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hendersonville, Tennessee at today's rate takes a household income of roughly $132,500 a year. That covers the full $3,087 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hendersonville, 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.