Total monthly cost of ownership
Cost to Own a Home in Middle Valley, Tennessee
A $277,000 home here costs
$2,222per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $95,000 a year.
A standard mortgage calculator would have told you $1,534. The real number is $688 higher every month, 45% more than the payment most buyers budget for.
Compare Hamilton County with anywhere in America · full county breakdown
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 $158 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
Talk to someone who works this market
These are Middle Valley 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 Middle Valley every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Middle Valley I already own here and may sell
Common questions
How much does it cost to own a home in Middle Valley?
A $277,000 home in Middle Valley, Tennessee costs approximately $2,222 per month with 20% down at 7.4%. That is $1,534 principal and interest, $114 property tax, $117 homeowners insurance, $226 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 $2,222 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Middle Valley?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Middle Valley, Tennessee at today's rate takes a household income of roughly $95,000 a year. That covers the full $2,222 monthly cost, not just the mortgage payment.
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.