Total monthly cost of ownership
Cost to Own a Home in Jasper, Tennessee
A $174,000 home here costs
$1,395per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $895. The real number is $501 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.
Jasper against Marion County and Tennessee
| Measure | Jasper | Marion County |
|---|---|---|
| Median home value | $173,900 | $173,600 |
| Median property tax | $1,011 | $771 |
| Effective tax rate | 0.581% | 0.444% |
| Median gross rent | $768 | $840 |
| Population | 3,610 | 29,010 |
The weather behind that power bill
Jasper sits in Marion County, which averages a high of 90.5°F in its hottest month and a low of 32.4°F in its coldest, with 55" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,921 cooling and 3,029 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Full Marion County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Jasper?
A $174,000 home in Jasper, Tennessee costs approximately $1,395 per month with 20% down at 6.66%. That is $895 principal and interest, $84 property tax, $73 homeowners insurance, $198 utilities and $145 set aside for maintenance.
What is the property tax rate in Jasper?
Jasper has an effective property tax rate of 0.581%, based on a median home value of $173,900 and median real estate taxes of $1,011. That is higher than the Marion County average of 0.444%.
What is the average home price in Jasper?
The median owner-occupied home value in Jasper, Tennessee is $173,900, against $173,600 across Marion County.
Is it cheaper to rent or buy in Jasper?
Median gross rent in Jasper is $768 a month, against $1,395 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 Jasper — 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.