Total monthly cost of ownership
Cost to Own a Home in Lawrenceburg, Tennessee
A $158,000 home here costs
$1,297per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $812. The real number is $484 higher every month — 60% 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.
Lawrenceburg against Lawrence County and Tennessee
| Measure | Lawrenceburg | Lawrence County |
|---|---|---|
| Median home value | $158,100 | $176,700 |
| Median property tax | $1,058 | $940 |
| Effective tax rate | 0.669% | 0.532% |
| Median gross rent | $768 | $736 |
| Population | 11,732 | 44,901 |
The weather behind that power bill
Lawrenceburg sits in Lawrence County, which averages a high of 89.2°F in its hottest month and a low of 31.2°F in its coldest, with 57.56" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,651 cooling and 3,190 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Lawrence County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lawrence County
Full Lawrence County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Lawrenceburg?
A $158,000 home in Lawrenceburg, Tennessee costs approximately $1,297 per month with 20% down at 6.66%. That is $812 principal and interest, $88 property tax, $66 homeowners insurance, $198 utilities and $132 set aside for maintenance.
What is the property tax rate in Lawrenceburg?
Lawrenceburg has an effective property tax rate of 0.669%, based on a median home value of $158,100 and median real estate taxes of $1,058. That is higher than the Lawrence County average of 0.532%.
What is the average home price in Lawrenceburg?
The median owner-occupied home value in Lawrenceburg, Tennessee is $158,100, against $176,700 across Lawrence County.
Is it cheaper to rent or buy in Lawrenceburg?
Median gross rent in Lawrenceburg is $768 a month, against $1,297 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 Lawrenceburg — 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.