Total monthly cost of ownership
Cost to Own a Home in Jonesborough, Tennessee
A $248,000 home here costs
$2,010per 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 $86,000 a year.
A standard mortgage calculator would have told you $1,352. The real number is $658 higher every month, 49% more than the payment most buyers budget for.
Compare Washington 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.
Jonesborough against Washington County and Tennessee
| Measure | Jonesborough | Washington County |
|---|---|---|
| Median home value | $247,900 | $231,700 |
| Median property tax | $1,491 | $1,278 |
| Effective tax rate | 0.601% | 0.552% |
| Median gross rent | $1,103 | $951 |
| Population | 6,056 | 134,693 |
The weather behind that power bill
Jonesborough sits in Washington County, which averages a high of 86.4°F in its hottest month and a low of 26.3°F in its coldest, with 43.97" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,105 cooling and 4,150 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Washington County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Jonesborough 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 Jonesborough every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Jonesborough I already own here and may sell
Common questions
How much does it cost to own a home in Jonesborough?
A $248,000 home in Jonesborough, Tennessee costs approximately $2,010 per month with 20% down at 7.24%. That is $1,352 principal and interest, $124 property tax, $104 homeowners insurance, $223 utilities and $207 set aside for maintenance.
What is the property tax rate in Jonesborough?
Jonesborough has an effective property tax rate of 0.601%, based on a median home value of $247,900 and median real estate taxes of $1,491. That is higher than the Washington County average of 0.552%.
What is the average home price in Jonesborough?
The median owner-occupied home value in Jonesborough, Tennessee is $247,900, against $231,700 across Washington County.
Is it cheaper to rent or buy in Jonesborough?
Median gross rent in Jonesborough is $1,103 a month, against $2,010 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 Jonesborough?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Jonesborough, Tennessee at today's rate takes a household income of roughly $86,000 a year. That covers the full $2,010 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Jonesborough, 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.