Total monthly cost of ownership
Cost to Own a Home in Humboldt, Tennessee
A $111,000 home here costs
$982per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $571. The real number is $411 higher every month — 72% 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.
Humboldt against Madison County and Tennessee
| Measure | Humboldt | Madison County |
|---|---|---|
| Median home value | $111,300 | $189,700 |
| Median property tax | $890 | $1,161 |
| Effective tax rate | 0.800% | 0.612% |
| Median gross rent | $757 | $1,076 |
| Population | 7,799 | 98,845 |
Humboldt extends across 2 counties. Figures here use Madison County, where most of its housing sits.
The weather behind that power bill
Humboldt sits in Madison County, which averages a high of 90.6°F in its hottest month and a low of 27.4°F in its coldest, with 56.89" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,790 cooling and 3,618 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Madison County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Madison County
Full Madison County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Humboldt?
A $111,000 home in Humboldt, Tennessee costs approximately $982 per month with 20% down at 6.66%. That is $571 principal and interest, $74 property tax, $47 homeowners insurance, $198 utilities and $93 set aside for maintenance.
What is the property tax rate in Humboldt?
Humboldt has an effective property tax rate of 0.800%, based on a median home value of $111,300 and median real estate taxes of $890. That is higher than the Madison County average of 0.612%.
What is the average home price in Humboldt?
The median owner-occupied home value in Humboldt, Tennessee is $111,300, against $189,700 across Madison County.
Is it cheaper to rent or buy in Humboldt?
Median gross rent in Humboldt is $757 a month, against $982 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 Humboldt — 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.