Total monthly cost of ownership
Cost to Own a Home in Mountain City, Tennessee
A $187,000 home here costs
$1,460per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $961. The real number is $499 higher every month — 52% 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.
Mountain City against Johnson County and Tennessee
| Measure | Mountain City | Johnson County |
|---|---|---|
| Median home value | $186,800 | $175,500 |
| Median property tax | $794 | $673 |
| Effective tax rate | 0.425% | 0.383% |
| Median gross rent | $420 | $639 |
| Population | 2,275 | 18,073 |
The weather behind that power bill
Mountain City sits in Johnson County, which averages a high of 82.0°F in its hottest month and a low of 23.0°F in its coldest, with 47.19" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 632 cooling and 4,837 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Johnson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Johnson County
No other places of this size are published in Johnson County.
Full Johnson County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Mountain City?
A $187,000 home in Mountain City, Tennessee costs approximately $1,460 per month with 20% down at 6.66%. That is $961 principal and interest, $66 property tax, $79 homeowners insurance, $198 utilities and $156 set aside for maintenance.
What is the property tax rate in Mountain City?
Mountain City has an effective property tax rate of 0.425%, based on a median home value of $186,800 and median real estate taxes of $794. That is higher than the Johnson County average of 0.383%.
What is the average home price in Mountain City?
The median owner-occupied home value in Mountain City, Tennessee is $186,800, against $175,500 across Johnson County.
Is it cheaper to rent or buy in Mountain City?
Median gross rent in Mountain City is $420 a month, against $1,460 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 Mountain City — 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.