Total monthly cost of ownership
Cost to Own a Home in Middle Valley, Tennessee
A $277,000 home here costs
$2,084per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,424. The real number is $660 higher every month — 46% 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.
Middle Valley against Hamilton County and Tennessee
| Measure | Middle Valley | Hamilton County |
|---|---|---|
| Median home value | $277,400 | $282,100 |
| Median property tax | $1,370 | $1,888 |
| Effective tax rate | 0.494% | 0.669% |
| Median gross rent | $1,255 | $1,163 |
| Population | 11,808 | 370,913 |
The weather behind that power bill
Middle Valley sits in Hamilton County, which averages a high of 90.5°F in its hottest month and a low of 32.4°F in its coldest, with 55" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,921 cooling and 3,029 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Hamilton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hamilton County
Full Hamilton County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Middle Valley?
A $277,000 home in Middle Valley, Tennessee costs approximately $2,084 per month with 20% down at 6.66%. That is $1,424 principal and interest, $114 property tax, $117 homeowners insurance, $198 utilities and $231 set aside for maintenance.
What is the property tax rate in Middle Valley?
Middle Valley has an effective property tax rate of 0.494%, based on a median home value of $277,400 and median real estate taxes of $1,370. That is lower than the Hamilton County average of 0.669%.
What is the average home price in Middle Valley?
The median owner-occupied home value in Middle Valley, Tennessee is $277,400, against $282,100 across Hamilton County.
Is it cheaper to rent or buy in Middle Valley?
Median gross rent in Middle Valley is $1,255 a month, against $2,084 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 Middle Valley — 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.