Total monthly cost of ownership
Cost to Own a Home in Lone Oak, Tennessee
A $241,000 home here costs
$1,812per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,239. The real number is $573 higher every month — 46% 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.
Lone Oak against Sequatchie County and Tennessee
| Measure | Lone Oak | Sequatchie County |
|---|---|---|
| Median home value | $241,100 | $217,800 |
| Median property tax | $871 | $986 |
| Effective tax rate | 0.361% | 0.453% |
| Median gross rent | $820 | $842 |
| Population | 1,463 | 16,409 |
The weather behind that power bill
Lone Oak sits in Sequatchie County, which averages a high of 87.6°F in its hottest month and a low of 31.7°F in its coldest, with 63.73" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,554 cooling and 3,276 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Sequatchie County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sequatchie County
Full Sequatchie County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Lone Oak?
A $241,000 home in Lone Oak, Tennessee costs approximately $1,812 per month with 20% down at 6.66%. That is $1,239 principal and interest, $73 property tax, $101 homeowners insurance, $198 utilities and $201 set aside for maintenance.
What is the property tax rate in Lone Oak?
Lone Oak has an effective property tax rate of 0.361%, based on a median home value of $241,100 and median real estate taxes of $871. That is lower than the Sequatchie County average of 0.453%.
What is the average home price in Lone Oak?
The median owner-occupied home value in Lone Oak, Tennessee is $241,100, against $217,800 across Sequatchie County.
Is it cheaper to rent or buy in Lone Oak?
Median gross rent in Lone Oak is $820 a month, against $1,812 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 Lone Oak — 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.