Total monthly cost of ownership
Cost to Own a Home in Manchester, Tennessee
A $216,000 home here costs
$1,706per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,110. The real number is $596 higher every month — 54% 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.
Manchester against Coffee County and Tennessee
| Measure | Manchester | Coffee County |
|---|---|---|
| Median home value | $215,700 | $227,300 |
| Median property tax | $1,516 | $1,378 |
| Effective tax rate | 0.703% | 0.606% |
| Median gross rent | $897 | $885 |
| Population | 12,651 | 58,940 |
The weather behind that power bill
Manchester sits in Coffee County, which averages a high of 86.4°F in its hottest month and a low of 26.4°F in its coldest, with 59.27" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,129 cooling and 4,137 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Coffee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coffee County
Full Coffee County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Manchester?
A $216,000 home in Manchester, Tennessee costs approximately $1,706 per month with 20% down at 6.66%. That is $1,110 principal and interest, $127 property tax, $91 homeowners insurance, $198 utilities and $180 set aside for maintenance.
What is the property tax rate in Manchester?
Manchester has an effective property tax rate of 0.703%, based on a median home value of $215,700 and median real estate taxes of $1,516. That is higher than the Coffee County average of 0.606%.
What is the average home price in Manchester?
The median owner-occupied home value in Manchester, Tennessee is $215,700, against $227,300 across Coffee County.
Is it cheaper to rent or buy in Manchester?
Median gross rent in Manchester is $897 a month, against $1,706 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 Manchester — 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.