Total monthly cost of ownership
Cost to Own a Home in Louisville, Tennessee
A $315,000 home here costs
$2,325per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,619. The real number is $706 higher every month — 44% 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.
Louisville against Blount County and Tennessee
| Measure | Louisville | Blount County |
|---|---|---|
| Median home value | $314,700 | $275,700 |
| Median property tax | $1,349 | $1,387 |
| Effective tax rate | 0.429% | 0.503% |
| Median gross rent | $1,082 | $1,042 |
| Population | 4,369 | 137,747 |
The weather behind that power bill
Louisville sits in Blount County, which averages a high of 88.4°F in its hottest month and a low of 30.0°F in its coldest, with 51.93" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,574 cooling and 3,528 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Blount County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Blount County
Full Blount County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Louisville?
A $315,000 home in Louisville, Tennessee costs approximately $2,325 per month with 20% down at 6.66%. That is $1,619 principal and interest, $113 property tax, $133 homeowners insurance, $198 utilities and $263 set aside for maintenance.
What is the property tax rate in Louisville?
Louisville has an effective property tax rate of 0.429%, based on a median home value of $314,700 and median real estate taxes of $1,349. That is lower than the Blount County average of 0.503%.
What is the average home price in Louisville?
The median owner-occupied home value in Louisville, Tennessee is $314,700, against $275,700 across Blount County.
Is it cheaper to rent or buy in Louisville?
Median gross rent in Louisville is $1,082 a month, against $2,325 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 Louisville — 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.