Total monthly cost of ownership
Cost to Own a Home in Mason, Tennessee
A $130,000 home here costs
$1,159per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $49,500 a year.
A standard mortgage calculator would have told you $709. The real number is $450 higher every month, 64% more than the payment most buyers budget for.
Compare Tipton County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Mason from a five-year rolling sample, and with about 1,126 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Tipton County figures are drawn from a far larger sample if you want a steadier number.
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 $155 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
Talk to someone who works this market
These are Mason averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Mason every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Mason?
A $130,000 home in Mason, Tennessee costs approximately $1,159 per month with 20% down at 7.24%. That is $709 principal and interest, $64 property tax, $55 homeowners insurance, $223 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 $1,159 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Mason?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mason, Tennessee at today's rate takes a household income of roughly $49,500 a year. That covers the full $1,159 monthly cost, not just the mortgage payment.
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.