Total monthly cost of ownership
Cost to Own a Home in Lake Tansi, Tennessee
A $234,000 home here costs
$1,746per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,203. The real number is $543 higher every month — 45% 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.
Lake Tansi against Cumberland County and Tennessee
| Measure | Lake Tansi | Cumberland County |
|---|---|---|
| Median home value | $233,700 | $228,000 |
| Median property tax | $619 | $699 |
| Effective tax rate | 0.265% | 0.307% |
| Median gross rent | $779 | $829 |
| Population | 4,562 | 62,529 |
The weather behind that power bill
Lake Tansi sits in Cumberland County, which averages a high of 83.2°F in its hottest month and a low of 26.4°F in its coldest, with 57.53" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 890 cooling and 4,394 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Cumberland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cumberland County
Full Cumberland County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Lake Tansi?
A $234,000 home in Lake Tansi, Tennessee costs approximately $1,746 per month with 20% down at 6.66%. That is $1,203 principal and interest, $52 property tax, $98 homeowners insurance, $198 utilities and $195 set aside for maintenance.
What is the property tax rate in Lake Tansi?
Lake Tansi has an effective property tax rate of 0.265%, based on a median home value of $233,700 and median real estate taxes of $619. That is lower than the Cumberland County average of 0.307%.
What is the average home price in Lake Tansi?
The median owner-occupied home value in Lake Tansi, Tennessee is $233,700, against $228,000 across Cumberland County.
Is it cheaper to rent or buy in Lake Tansi?
Median gross rent in Lake Tansi is $779 a month, against $1,746 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 Lake Tansi — 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.