Total monthly cost of ownership
Cost to Own a Home in Mount Carmel, Tennessee
A $180,000 home here costs
$1,452per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $925. The real number is $526 higher every month — 57% 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.
Mount Carmel against Hawkins County and Tennessee
| Measure | Mount Carmel | Hawkins County |
|---|---|---|
| Median home value | $179,700 | $166,900 |
| Median property tax | $1,225 | $940 |
| Effective tax rate | 0.682% | 0.563% |
| Median gross rent | $804 | $744 |
| Population | 5,504 | 57,446 |
The weather behind that power bill
Mount Carmel sits in Hawkins County, which averages a high of 85.5°F in its hottest month and a low of 25.5°F in its coldest, with 48.84" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,080 cooling and 4,217 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Hawkins County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hawkins County
Full Hawkins County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Mount Carmel?
A $180,000 home in Mount Carmel, Tennessee costs approximately $1,452 per month with 20% down at 6.66%. That is $925 principal and interest, $102 property tax, $76 homeowners insurance, $198 utilities and $150 set aside for maintenance.
What is the property tax rate in Mount Carmel?
Mount Carmel has an effective property tax rate of 0.682%, based on a median home value of $179,700 and median real estate taxes of $1,225. That is higher than the Hawkins County average of 0.563%.
What is the average home price in Mount Carmel?
The median owner-occupied home value in Mount Carmel, Tennessee is $179,700, against $166,900 across Hawkins County.
Is it cheaper to rent or buy in Mount Carmel?
Median gross rent in Mount Carmel is $804 a month, against $1,452 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 Mount Carmel — 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.