Total monthly cost of ownership
Cost to Own a Home in Lewisburg, Tennessee
A $183,000 home here costs
$1,477per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $941. The real number is $536 higher every month — 57% 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.
Lewisburg against Marshall County and Tennessee
| Measure | Lewisburg | Marshall County |
|---|---|---|
| Median home value | $183,400 | $246,100 |
| Median property tax | $1,304 | $1,334 |
| Effective tax rate | 0.711% | 0.542% |
| Median gross rent | $859 | $924 |
| Population | 12,607 | 35,276 |
The weather behind that power bill
Lewisburg sits in Marshall County, which averages a high of 91.0°F in its hottest month and a low of 27.5°F in its coldest, with 56.07" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,568 cooling and 3,714 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Marshall County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marshall County
Full Marshall County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Lewisburg?
A $183,000 home in Lewisburg, Tennessee costs approximately $1,477 per month with 20% down at 6.66%. That is $941 principal and interest, $108 property tax, $77 homeowners insurance, $198 utilities and $153 set aside for maintenance.
What is the property tax rate in Lewisburg?
Lewisburg has an effective property tax rate of 0.711%, based on a median home value of $183,400 and median real estate taxes of $1,304. That is higher than the Marshall County average of 0.542%.
What is the average home price in Lewisburg?
The median owner-occupied home value in Lewisburg, Tennessee is $183,400, against $246,100 across Marshall County.
Is it cheaper to rent or buy in Lewisburg?
Median gross rent in Lewisburg is $859 a month, against $1,477 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 Lewisburg — 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.