Total monthly cost of ownership
Cost to Own a Home in Lynchburg, Tennessee
A $259,000 home here costs
$1,959per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,332. The real number is $627 higher every month — 47% 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.
Lynchburg against Moore County and Tennessee
| Measure | Lynchburg | Moore County |
|---|---|---|
| Median home value | $259,300 | $259,300 |
| Median property tax | $1,252 | $1,252 |
| Effective tax rate | 0.483% | 0.483% |
| Median gross rent | $746 | $746 |
| Population | 6,611 | 6,611 |
The weather behind that power bill
Lynchburg sits in Moore County, which averages a high of 89.3°F in its hottest month and a low of 27.0°F in its coldest, with 62.25" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,392 cooling and 3,889 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Moore County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Moore County
No other places of this size are published in Moore County.
Full Moore County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Lynchburg?
A $259,000 home in Lynchburg, Tennessee costs approximately $1,959 per month with 20% down at 6.66%. That is $1,332 principal and interest, $104 property tax, $109 homeowners insurance, $198 utilities and $216 set aside for maintenance.
What is the property tax rate in Lynchburg?
Lynchburg has an effective property tax rate of 0.483%, based on a median home value of $259,300 and median real estate taxes of $1,252. That is in line with the Moore County average of 0.483%.
What is the average home price in Lynchburg?
The median owner-occupied home value in Lynchburg, Tennessee is $259,300, against $259,300 across Moore County.
Is it cheaper to rent or buy in Lynchburg?
Median gross rent in Lynchburg is $746 a month, against $1,959 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 Lynchburg — 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.