Total monthly cost of ownership
Cost to Own a Home in Nashville, Michigan
A $120,000 home here costs
$1,180per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $617. The real number is $563 higher every month — 91% 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.
Nashville against Barry County and Michigan
| Measure | Nashville | Barry County |
|---|---|---|
| Median home value | $119,500 | $243,700 |
| Median property tax | $1,821 | $2,706 |
| Effective tax rate | 1.524% | 1.110% |
| Median gross rent | $767 | $955 |
| Population | 1,371 | 62,982 |
The weather behind that power bill
Nashville sits in Barry County, which averages a high of 82.1°F in its hottest month and a low of 16.1°F in its coldest, with 39.59" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 537 cooling and 6,883 heating degree days, which is what sets the $198 electricity line above.
See the full climate breakdown for Barry County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Barry County
Common questions
How much does it cost to own a home in Nashville?
A $120,000 home in Nashville, Michigan costs approximately $1,180 per month with 20% down at 6.66%. That is $617 principal and interest, $152 property tax, $45 homeowners insurance, $266 utilities and $100 set aside for maintenance.
What is the property tax rate in Nashville?
Nashville has an effective property tax rate of 1.524%, based on a median home value of $119,500 and median real estate taxes of $1,821. That is higher than the Barry County average of 1.110%.
What is the average home price in Nashville?
The median owner-occupied home value in Nashville, Michigan is $119,500, against $243,700 across Barry County.
Is it cheaper to rent or buy in Nashville?
Median gross rent in Nashville is $767 a month, against $1,180 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 Nashville — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Michigan.
- 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.