Total monthly cost of ownership
Cost to Own a Home in Mason, Tennessee
A $130,000 home here costs
$1,094per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $668. The real number is $425 higher every month — 64% 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.
Mason against Tipton County and Tennessee
| Measure | Mason | Tipton County |
|---|---|---|
| Median home value | $129,900 | $220,100 |
| Median property tax | $770 | $1,158 |
| Effective tax rate | 0.593% | 0.526% |
| Median gross rent | $1,202 | $1,007 |
| Population | 1,126 | 61,339 |
The weather behind that power bill
Mason sits in Tipton County, which averages a high of 89.0°F in its hottest month and a low of 28.5°F in its coldest, with 55.77" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,636 cooling and 3,724 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Tipton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tipton County
Full Tipton County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Mason?
A $130,000 home in Mason, Tennessee costs approximately $1,094 per month with 20% down at 6.66%. That is $668 principal and interest, $64 property tax, $55 homeowners insurance, $198 utilities and $108 set aside for maintenance.
What is the property tax rate in Mason?
Mason has an effective property tax rate of 0.593%, based on a median home value of $129,900 and median real estate taxes of $770. That is higher than the Tipton County average of 0.526%.
What is the average home price in Mason?
The median owner-occupied home value in Mason, Tennessee is $129,900, against $220,100 across Tipton County.
Is it cheaper to rent or buy in Mason?
Median gross rent in Mason is $1,202 a month, against $1,094 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mason — 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.