Total monthly cost of ownership
Cost to Own a Home in Mount Carmel, Tennessee
A $180,000 home here costs
$1,532per 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 $65,500 a year.
A standard mortgage calculator would have told you $981. The real number is $551 higher every month, 56% more than the payment most buyers budget for.
Compare Hawkins 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.
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 $155 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
Talk to someone who works this market
These are Mount Carmel 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 Mount Carmel every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mount Carmel I already own here and may sell
Common questions
How much does it cost to own a home in Mount Carmel?
A $180,000 home in Mount Carmel, Tennessee costs approximately $1,532 per month with 20% down at 7.24%. That is $981 principal and interest, $102 property tax, $76 homeowners insurance, $223 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 $1,532 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 Mount Carmel?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mount Carmel, Tennessee at today's rate takes a household income of roughly $65,500 a year. That covers the full $1,532 monthly cost, not just the mortgage payment.
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.