Total monthly cost of ownership
Cost to Own a Home in Humboldt, Tennessee
A $111,000 home here costs
$1,054per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $45,000 a year.
A standard mortgage calculator would have told you $615. The real number is $439 higher every month, 71% more than the payment most buyers budget for.
Compare Madison 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.
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 $158 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
Talk to someone who works this market
These are Humboldt 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 Humboldt every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Humboldt I already own here and may sell
Common questions
How much does it cost to own a home in Humboldt?
A $111,000 home in Humboldt, Tennessee costs approximately $1,054 per month with 20% down at 7.4%. That is $615 principal and interest, $74 property tax, $47 homeowners insurance, $226 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 $1,054 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 Humboldt?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Humboldt, Tennessee at today's rate takes a household income of roughly $45,000 a year. That covers the full $1,054 monthly cost, not just the mortgage payment.
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.